According to Mars Finance, on January 15th, some Senate Republicans expressed strong dissatisfaction with the U.S. Department of Justice's investigation into Federal Reserve Chairman Jerome Powell, and are expected to block the nominee for new Fed chairman to maintain the central bank's independence. Trump responded strongly to this. Regarding the opposition from Republicans, Trump said, "I don't care, there's nothing to say. They should remain loyal." Furthermore, in response to JPMorgan Chase CEO Jamie Dimon's warning that "Trump's intervention in the Fed could drive up inflation," Trump also retorted: "I don't care what he says."
Trump responds tough to Fed turmoil: I don't care, they should remain loyal.
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