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Wall Street CEOs stress Fed independence
Bangkok Post
|July 18, 2025
Top bosses at some of Wall Street's biggest banks emphasised the importance of an independent Federal Reserve as the long-running saga between President Donald Trump and central bank Chair Jerome Powell intensified.
Bank of America Corp's Chief Executive Officer Brian Moynihan and Goldman Sachs Group Inc’s David Solomon joined JPMorgan Chase & Co's CEO Jamie Dimon in stressing the importance of the Fed’s autonomy. Mr Moynihan said in an interview with Bloomberg TV on Wednesday that the Fed was “set up to be independent.”
Jane Fraser, who runs Citigroup Inc, said in a statement that “the independence of the Federal Reserve drives its credibility. It is critical to the effectiveness of our capital markets and US competitiveness.”
This story is from the July 18, 2025 edition of Bangkok Post.
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