Jamie Dimon backs Fed Chair Powell amid DOJ probe: 'Everyone we know believes in Fed independence'

Key Highlights

• Jamie Dimon supports Fed Chair Jerome Powell amid a DOJ investigation.
• The DOJ is investigating Powell's testimony to Congress from last year.
• Dimon highlighted the importance of Fed independence.
• He stated that undermining the Fed's independence is 'not a good idea.'.
• Dimon expressed respect for Powell despite disagreements on Fed policies.