2026-01-14
13 分钟JP Morgan's CEO defends the Fed, warning that interference would push up rates.
Plus, inflation holds steady at 2.7 percent in December.
And President Trump tells Iranian protesters that, quote, help is on its way.
We do know that officials are.
preparing just a lot of options for him.
Whenever Trump is ready to make a decision on what he wants to do, things will move.
It's Tuesday, January 13th.
I'm Alex O'Sullivan for the Wall Street Journal.
This is the PM edition of What's News,
the top headlines and business stories that move the world today.
On Wall Street today,
JPMorgan Chase CEO Jamie Dimon defended the Federal Reserve after it was subpoenaed by the Justice Department.
Dimon told reporters that anything that, quote,
chips away at the Fed's independence was a bad idea and could have consequences like increasing inflation and interest rates over time.
Diamond's comments came after J.P.
Morgan reported its earnings for the fourth quarter.
The bank said its profit fell 7%,
dragged down by a $2.2 billion charge from its deal to take over the Apple credit card program and a surprising slip in investment banking fees.
But it still saw revenue increase for both the quarter and the year.
I'm joined now by WSJ reporter Alexander Seidi, who covers banking and finance.