JPMorgan CEO: Playing with the Federal Reserve often leads to adverse consequences

Odaily Planet Daily News: JPMorgan Chase CEO Damon said that the independence of the Federal Reserve is "absolutely crucial" for Powell and any future successor, and that "playing with the Fed often has adverse consequences" and may lead to "unintended consequences". Wall Street is closely monitoring the "big show" unfolding in Washington D.C., as Trump and other White House officials are increasing pressure on Powell to lower interest rates and find his successor. Powell's term as Federal Reserve Chair will end in May next year. (Golden Ten)