Wall Street Rallies Behind Jerome Powell as the Fed’s Independence Comes Under Threat

As Trump escalates attacks on the central bank, Wall Street unites around the importance of Fed independence. Photo by Chip Somodevilla/Getty Images

This week, several of America’s most influential banking CEOs came out in support of Jerome Powell after the Trump administration threatened the Federal Reserve chair with a criminal investigation in a move that could shake the central bank’s long-standing independence.

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CEOs from JPMorgan Chase’s Jamie Dimon to Bank of America’s