Dimon: Becoming Federal Reserve Chair is "absolutely, 100%, and absolutely impossible."
in the corridor from Wall Street to Washington, speculation about Jamie Dimon becoming Treasury Secretary or even running for president has been mentioned repeatedly over the years. However, the long-time CEO of JPMorgan Chase has drawn a clear line regarding the possibility of "Dimon becoming Federal Reserve Chairman."
"The position of Federal Reserve Chairman, I categorize it as 'absolutely, one hundred percent, no way, no chance, for any reason,'" Dimon said on Thursday in response to whether he would consider the position at an event hosted by the U.S. Chamber of Commerce. As for leading the U.S. Treasury, he said: "I would take that call." (implying an open attitude toward the position)
Dimon's remarks came after he publicly clashed earlier this week with U.S. President Trump over the government's recent criticisms of the Federal Reserve. The CEO said on Tuesday that weakening the Fed's independence "is not a good idea" and could lead to higher inflation and interest rates in the long run.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UK 10-Year Bonds Auction Today: May Hammer at 5.41%, Auction Yield Could Hit Highest Level Since 1999
The yield on UK 10-year government bonds has reached 5.41%, the highest level in 19 years, and the £4.25 billion auction cost is the highest since 1999.
Worse than 2008? Outside the AI bubble, the new fund supported by "The Big Short" Michael Burry targets risks in private credit.
While Wall Street is busy searching for signs of a bubble in AI stocks, a new hedge fund connected to 'Big Short' Michael Burry is turning its attention to another potentially more dangerous area—private credit.
Tesla approved to launch autonomous driving software in Croatia
The euro is approaching its yearly low against the US dollar: hit by energy shocks and European political risks, it has fallen about 2% this month.
The resilience of the euro against the U.S. dollar is being tested by energy prices and political risks.

