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-0.000240222926876105 -0.00075269850421177 0.000416386406585479 7.9433714487132E-05 0.000144133756125736 -0.000399730950321695 -0.00249799814227584 -0.00345921014701638
Stock impact report

Wall Street CEOs warn Trump: Stop attacking the Fed and credit card industry [Yahoo! Finance Canada]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
When President Donald Trump signed the One Big Beautiful Bill into law in July, it pushed another significant round of tax cuts and also cut the budget of the Consumer Financial Protection Bureau, at times the banking industry's nemesis, by nearly half. Trump's bank regulators have also been pushing a deregulatory agenda that both banks and large corporations have embraced. But now the president has proposed a one-year, 10% cap on the interest rate on credit cards , a lucrative business for many financial institutions, and his Department of Justice has launched an investigation into Federal Reserve Chair Jerome Powell that many say threatens the institution that is supposed to set interest rates free of political interference. Bank CEOs warned the White House on Tuesday that Trump's actions will do more harm than good to the American economy. BNY Chief Executive Officer Robin Vince told reporters that going after the Fed's independence “doesn't seem, to us, to be accomplishing Show less Read more
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