Trump Slams Jamie Dimon's Comments On Fed Independence And Credit Card Rate Cap: 'Maybe He Makes More Money...'

Group 1 - President Trump advocates for lower interest rates, dismissing concerns from JPMorgan Chase CEO Jamie Dimon regarding political interference with the Federal Reserve [1] - Trump criticizes Dimon's stance on a proposed 10% interest rate cap on credit cards, emphasizing the need to protect consumers from high interest rates [2] - Dimon defends the Federal Reserve's independence, warning that political interference could lead to inflation and increased interest rates, which contradicts Trump's objectives [3] Group 2 - The Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell raises concerns among Republicans, suggesting it could lead to higher interest rates instead of lower ones [4] - JPMorgan Chase's fourth-quarter earnings report indicates a resilient U.S. economy, with consumer spending remaining strong despite a 7% year-over-year decline in net income [5] - The bank's CFO warns that Trump's proposal to cap credit card interest rates could negatively impact credit markets and reshape credit services, particularly affecting subprime borrowers [6]