Trump hits back at JP Morgan CEO’s defence of Federal Reserve

Trump hits back at JP Morgan CEO’s defence of Federal Reserve

US president says Jamie Dimon was wrong to suggest he was undermining independence of central bank Business live – latest updates Donald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was undermining the independence of the Federal Reserve. The US president and his administration have come under fire for their attacks against the Fed’s chair, Jerome Powell, who is now facing a criminal investigation by the US Department of Justice over alleged “abuse of taxpayer dollars” linked to renovations to the central bank’s headquarters in Washington. Continue reading...

Falling inflation this year should smooth way for more interest rate cuts, says Bank of England policymaker - business live

Falling inflation this year should smooth way for more interest rate cuts, says Bank of England policymaker - business live

Rolling coverage of the latest economic and financial news Economic conflicts between major powers are the greatest risk facing the world over the next two years, according to experts polled ahead of next week’s Davos summit. Among 1,300 business leaders, academics and civil society figures surveyed by the World Economic Forum (WEF), “geoeconomic confrontation” was identified as the most pressing threat. Continue reading...