Wall Street CEOs Stress Fed Independence Amid Powell Attacks
Goldman Sachs CEO David Solomon during an interview on the floor of the New York Stock Exchange on Wednesday.
Photographer: Michael Nagle/BloombergTop bosses at some of Wall Street’s biggest banks emphasized the importance of an independent Federal Reserve as the long-running saga between President Donald Trump and central bank Chair Jerome Powell intensified.
Bank of America Corp.’s Chief Executive Officer Brian Moynihan and Goldman Sachs Group Inc.’s David Solomon joined JPMorgan Chase & Co.’s CEO Jamie Dimon in stressing the importance of the Fed’s autonomy. Moynihan said in an interview with Bloomberg TV on Wednesday that the Fed was “set up to be independent.”