President Donald Trump’s feud with Federal Reserve Chair Jerome Powell continues to escalate, as the president openly discussed firing Powell in meetings with Republican lawmakers and in public remarks.

Trump has been highly critical of Jerome Powell this year, pressuring him to cut rates. The Fed Chair has said he's awaiting further clarity on inflation.

JPMorgan Chase CEO Jamie Dimon defended the Federal Reserve's independence amidst President Trump's pressure for rate cuts, cautioning against policy interference. Dimon highlighted potential adverse consequences of meddling with the central bank.