Published On: Thu, Oct 11th, 2018

JP Morgan on the Federal Reserve

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Chai of JP Morgan Jacob Frenkel taking an opposite view of the US President

Trump is opposing the Fed hiking rates, calling the bank ‘crazy’, loco’, and says its ‘going wild’.

JPM chair says nah ….

  • The fed is doing the right thing
  • don’t think it is wise or appropriate for the president or any politician to second guess what the Fed is doing

Frenkel interviewed on Bloomberg TV  

 

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