Trump Pushes Back Against Dimon's Criticism of Fed Probe
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Fed Independence Controversy: Trump rebuffed JPMorgan CEO Dimon's criticism regarding the Justice Department's investigation into the Fed, asserting that Dimon's view is 'wrong' and emphasizing that he believes the current probe is justified, which may impact market confidence in Fed independence.
- High-Rate Protection Proposal: Trump proposed capping credit card interest rates at 10%, a move that may require congressional approval, arguing that consumers paying 28% interest should be protected, although banks warn this could limit credit access.
- Powell Replacement Plan: Trump plans to announce a replacement for Fed Chair Powell within the next few weeks despite backlash over the DOJ probe, a decision that could heighten market scrutiny of Fed policies.
- Inflation Expectations Impact: Dimon cautioned that any actions undermining Fed independence could raise inflation expectations and lead to higher rates, suggesting that Trump's remarks and policy proposals may provoke concerns about future interest rate trends.
Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPM is 344.31 USD with a low forecast of 305.00 USD and a high forecast of 370.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
11 Buy
6 Hold
0 Sell
Moderate Buy
Current: 324.490
Low
305.00
Averages
344.31
High
370.00
Current: 324.490
Low
305.00
Averages
344.31
High
370.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
