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CEO of JPMorgan Chase: Moore and Cain seem "not the right people to put on the Fed"



JPMorgan General Manager (JPM) Jamie Dymon stated that both Stephen Moore and German Cain do not seem to be "right people to get into the Fed."

Speaking to the Council on Thursday, Dimon admitted that he was not very well known for Moore and Cain. "I know them, seeing them on the TV," said Dimon. "I never sat down and did not talk for a long time."

I think Jay Powell is very bright. I think people from the Fed – I do not agree with everything they have ever done – but I think they are the right people who are trying to do the right thing, "said Dimon.

When asked who should be nominated to the Fed, Dimeon stated that they should put professional people there.

"I think that all these tasks should go through confirmation. Let the senators do their homework," said Dimon. (Read Malddo Hobson and Jamie Dimon at CNN Business Perspectives: "Black Americans are Worrying Financially, Business Can Help.")

Cain is a former pizza leader who declined to apply for the presidential election in 201

2 against accusations of Sexual harassment, Federal Reserve Bank of Kansas City

Moore reiterated President Donald Trump and his advisers, calling for an extraordinary reduction of the rate. Most economists believe that this would lead to disaster.

Demon's statement on the choice of FRS Trump contrasts with First praise for administration policy of economic stimulation Trump. Dimon said on Thursday that recent tax cuts have added $ 3.7 billion. The amount of last year.


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