JPMorgan CEO warns: Intervention in the Fed could have adverse consequences

[Coin World] JPMorgan Chase CEO Dimon stated that the independence of the Fed is "absolutely critical" for Powell and any future successor, adding that "playing with the Fed often leads to adverse consequences" and may result in "unintended outcomes." Wall Street is closely following this "drama" unfolding in Washington D.C., as Trump and other White House officials are increasing pressure on Powell to drop interest rates and search for his successor, with Powell's term as Fed Chairman set to end next May.