Trump responds tough to Fed turmoil: I don't care, they should remain loyal.
AI Summary1 min read
TL;DR
Trump dismisses Republican opposition to Fed investigations and JPMorgan CEO's inflation warnings, insisting on loyalty and disregarding concerns about his influence on the Federal Reserve.
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TrumpFederal ReserveRepublicansinflationloyalty
According to Mars Finance, on January 15th, some Senate Republicans expressed strong dissatisfaction with the U.S. Department of Justice's investigation into Federal Reserve Chairman Jerome Powell, and are expected to block the nominee for new Fed chairman to maintain the central bank's independence. Trump responded strongly to this. Regarding the opposition from Republicans, Trump said, "I don't care, there's nothing to say. They should remain loyal." Furthermore, in response to JPMorgan Chase CEO Jamie Dimon's warning that "Trump's intervention in the Fed could drive up inflation," Trump also retorted: "I don't care what he says."