Reported 1 day ago
Top Wall Street executives, including CEOs from JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs, are voicing strong support for the Federal Reserve's independence as political pressure mounts from the White House on Jerome Powell. They emphasize that the Fed's autonomy is crucial for financial stability, U.S. competitiveness, and effective capital markets, with concerns that premature changes in leadership could disrupt market confidence.
Source: YAHOO