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Emma Jones, a spokesperson for the Fed, declined to comment on why many Fed officials, who in the past moved swiftly to acknowledge the war in Ukraine, weren’t addressing the war in Israel. There are some Fed officials who are starting to talk about it, though — albeit only when asked questions. Fed officials see little immediate threat to the US economyAtlanta Fed President Raphael Bostic was the first to speak about the war, at the American Bankers Association’s annual conference last Tuesday. That’s probably why more Fed officials were quicker to acknowledge the war in Ukraine, Dorn said. “I don’t think the Fed wants to look like they’re taking sides,” Dorn added — but said Fed officials could easily talk about it without looking partial.
Persons: Chris Waller, ” Waller, Michael Barr, Philip Jefferson, Michelle Bowman, Lorie Logan, Emma Jones, James Dorn, , , Raphael Bostic, Bostic, Neel Kashkari didn’t, aren't, they're, Al Drago, Susan Collins, ” Collins, Patrick Harker, we’ve, Harker, JPMorgan Chase, Jamie Dimon, ” Dorn, Dorn, There’s, Gregory Daco, Daco Organizations: New, New York CNN, Federal Reserve, , Dallas Fed, Fed, Cato Institute, CNN, Atlanta Fed, American Bankers, Minot State University, Minneapolis, Federal, Bloomberg, Getty, ” Boston, Wellesley College, Philadelphia Fed, Delaware State Chamber of Commerce, JPMorgan, Rystad Energy Locations: New York, Ukraine, Russia, Israel, Waller’s, North Dakota, Delaware, Iran, Lebanon, Syria, United States, That’s, Gaza, Hormuz, EY
New York CNN —Jamie Dimon isn’t sold on “Bidenomics.”“I’d be careful about that,” said Dimon, CEO of JPMorgan Chase, in reference to president Joe Biden’s economic theory that rejects “trickle-down” policies in favor of focusing on the middle class. In an interview with The Economist released Tuesday, Dimon classified Bidenomics largely as industrial policy – a strategy that specifically encourages or subsidizes particular industries, such as manufacturing. He said he’s in favor of some industrial policy lately, for the first time in his life, but only as it relates to national security and competitiveness. Although Dimon said he’s worried about a possible second Donald Trump presidential term, he said he doesn’t intend to run for office. At least for now, though, the “big storm clouds” Dimon warned about last year only “partially hit,” he said.
Persons: Jamie Dimon isn’t, I’d, , Dimon, Joe Biden’s, Dimon’s, , Bidenomics, ” Dimon, he’s, Donald Trump Organizations: New, New York CNN, JPMorgan Chase Locations: New York
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