JPMorgan’s Dimon Signals Support for Kevin Warsh as Fed Chief

JPMorgan CEO Jamie Dimon signaled support for former Federal Reserve Governor Kevin Warsh as the next chair of the U.S. central bank, the Financial Times reported. Reuters also disclosed the remarks.

Dimon made the remarks at the bank’s private conference for asset management CEOs in New York. (Photo: JPMorgan Chase & Co.) 

Earlier in the day, President Donald Trump said he was leaning toward either Warsh or National Economic Council Director Kevin Hassett to lead the Federal Reserve next year.

Dimon said Hassett would be the candidate more likely to cut interest rates in the short term, according to the report.

Dimon made the remarks at the bank’s private conference for asset management CEOs in New York, the Financial Times added.

Trump has been critical of the Fed and its chair, Jerome Powell, for not making dramatic cuts to interest rates. When asked by reporters at a separate Oval Office event whether he should have a say in Fed interest-rate decisions, Trump said he should at least be consulted.