The Steady Drip: Dimon Defends Fed Chair Powell Amid WH Attacks (Connecting the Dots: Jamie Dimon, Jerome Powell, Scott Bessent, Soros Fund Management (SFM), Federal Reserve Board, Harvard University, Brookings Institution & Soros Funding, All Networking)

Dimon Defends Fed Chair Powell Amid WH Attacks (Connecting the Dots: Jamie Dimon, Jerome Powell, Scott Bessent, Soros Fund Management (SFM), Federal Reserve Board, Harvard University, Brookings Institution & Soros Funding, All Networking)

Newsmax.com

By James Morley III | Tuesday, 15 July 2025 05:06 PM EDT

https://www.newsmax.com/newsfront/jamie-dimon-donald-trump-jerome-powell/2025/07/15/id/1218868/

JPMorgan Chase CEO Jamie Dimon cautioned the White House on Tuesday, saying Federal Reserve Chair Jerome Powell must maintain his independence despite the attacks from President Donald Trump regarding interest rates.

On the bank's earnings call, Dimon told reporters: "I think the independence of the Fed is absolutely critical. Playing around with the Fed can have adverse consequences, the absolute opposite of what you might be hoping for."

Trump has blamed inflation on high interest rates, urging Powell to take action and blaming the Fed for the public not feeling the full effects of the president's economic policies.

"Consumer Prices LOW. Bring down the Fed Rate, NOW!!!" Trump posted on his Truth Social platform Tuesday, adding: "Fed should cut Rates by 3 Points. Very Low Inflation. One Trillion Dollars a year would be saved!!!"

Trump has said that despite his antagonistic rhetoric, he has no plans to fire Powell, whom he appointed in his first administration.

Treasury Secretary Scott Bessent defended Trump's tactics as the president's way of "working the refs," a sports analogy to when coaches will harass referees to get the calls they want.

As for Powell, he has attempted to ignore the president's remarks, saying in a congressional hearing in June that he receives support from many on Capitol Hill.

"'You're doing the right thing.' I hear that from a lot of members privately," Powell said.

Connecting the Dots:

James Dimon is the chairman & CEO for JPMorgan Chase & Co. and a member of the Alfalfa Club.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Ellen V. Futter is a trustee at the Brookings Institution (think tank) and a director at JPMorgan Chase & Co.

Crandall C. Bowles is a director at JPMorgan Chase & Co and a trustee at the Brookings Institution (think tank).

Geoffrey T. Boisi was the vice chairman for JPMorgan Chase & Co and is an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank)

George Soros is the chairman for the Foundation to Promote Open Society and is the founder of the Soros Fund Management (SFM).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the secretary for the U.S. Department of the Treasury.

David M. Rubenstein is co-chairman for the Brookings Institution (think tank), the president of the Economic Club of Washington, Joe Biden spent Thanksgiving with him and a co-founder & co-CEO for the Carlyle Group.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a member of the Bretton Woods Committee.

Alan S. Blinder is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Donald L. Kohn is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Edwin M. Truman is a member of the Bretton Woods Committee and was a director of the international finance division for the Federal Reserve Board.

Paul A. Volcker is a member of the Bretton Woods Committee and was the chairman for the Federal Reserve Board.

Stanley Fischer is a member of the Bretton Woods Committee and the vice chairman for the Federal Reserve Board.

Randal K. Quarles is a member of the Bretton Woods Committee and a vice chairman for supervision nominee for the Federal Reserve Board.

George Soros is a member of the Bretton Woods Committee and the founder & chairman for the Open Society Foundations.

Open Society Foundations was a funder for the Atlantic Council of the United States (think tank).

Timothy D. Adams is a director at the Atlantic Council of the United States (think tank) and was an undersecretary for the U.S. Department of the Treasury.

David D. Aufhauser is a director at the Atlantic Council of the United States (think tank) and was a general counsel for the U.S. Department of the Treasury.

James A. Baker III is an honorary director at the Atlantic Council of the United States (think tank) and was a secretary for the U.S. Department of the Treasury.

Kenneth W. Dam is a lifetime director for the Atlantic Council of the United States (think tank) and was a deputy secretary for the U.S. Department of the Treasury.

Stuart E. Eizenstat is a director at the Atlantic Council of the United States (think tank) and was a deputy secretary for the U.S. Department of the Treasury.

Robert M. Kimmitt is a director at the Atlantic Council of the United States (think tank) and was a deputy secretary for the U.S. Department of the Treasury.

George P. Shultz is an honorary director at the Atlantic Council of the United States (think tank) and was a secretary for the U.S. Department of the Treasury.

Herbert M. Allison Jr. was a director at the Atlantic Council of the United States (think tank) and an assistant secretary at the U.S. Department of the Treasury.

Teresa M. Ressel was a director at the Atlantic Council of the United States (think tank) and an assistant secretary at the U.S. Department of the Treasury.

Scott Bessent is the secretary for the U.S. Department of the Treasury and was formerly a partner at the Soros Fund Management (SFM).

George Soros is the founder of the Soros Fund Management (SFM) and the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank), was the vice chairman for the Federal Reserve Board and a member of the Federal Open Market Committee (FOMC).

Alice M. Rivlin is a senior fellow at the Brookings Institution (think tank) and was the vice chair for the Federal Reserve Board.

Richard C. Blum is an honorary trustee at the Brookings Institution (think tank), married to Senator Dianne Feinstein and an Economic Advisory Council member for the Federal Reserve Bank of San Francisco.

Louis W. Cabot is an honorary trustee at the Brookings Institution (think tank) and was a director at the Federal Reserve Bank of Boston.

Susan M. Collins is a non-resident senior fellow at the Brookings Institution (think tank) and a director, Detroit branch for the Federal Reserve Bank of Chicago.

Glenn H. Hutchins is a trustee at the Brookings Institution (think tank) and a director at the Federal Reserve Bank of New York.

John C. Whitehead is an honorary trustee at the Brookings Institution (think tank) and was the chairman for the Federal Reserve Bank of New York.

Ben S. Bernanke is a distinguished fellow at the Brookings Institution (think tank) and was a chairman for the Federal Reserve Board.

Lael Brainard was a VP & director for the Brookings Institution (think tank) and is a member of the Federal Reserve Board.

Karen Dynan was a VP for the Brookings Institution (think tank) and a senior adviser for the Federal Reserve Board.

Douglas W. Elmendorf was a senior fellow at the Brookings Institution (think tank) and an assistant director, Research and Statistics for the Federal Reserve Board.

Donald L. Kohn is a senior fellow at the Brookings Institution (think tank) and was a vice chairman for the Federal Reserve Board.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society.

Ellen V. Futter is a trustee at the Brookings Institution (think tank) and a director at JPMorgan Chase & Co.

Crandall C. Bowles is a trustee at the Brookings Institution (think tank) and a director at JPMorgan Chase & Co.

Geoffrey T. Boisi is an honorary trustee at the Brookings Institution (think tank) and was the vice chairman for JPMorgan Chase & Co.

James Dimon is the chairman & CEO for JPMorgan Chase & Co. and a member of the Alfalfa Club.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank) and the Harlem Children's Zone.

George Soros was the chairman for the Foundation to Promote Open Society and a benefactor for the Harlem Children's Zone.

Michael R. Bloomberg was a benefactor for the Harlem Children's Zone and an advocate for the ONE Campaign.

Stanley F. Druckenmiller is the chairman & benefactor for the Harlem Children's Zone and was a managing director at the Soros Fund Management (SFM).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th United States secretary of the treasury.

George Soros is the founder of the Soros Fund Management (SFM) and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Harlem Children's Zone and the International Rescue Committee.

Michael R. Bloomberg was a benefactor for the Harlem Children's Zone and an advocate for the ONE Campaign.

International Rescue Committee is a partner with the ONE Campaign.

Ernesto Zedillo was a board member for the International Crisis Group and is an international advisory board member for JPMorgan Chase & Co.

Gordon A. Smith is a director at the International Rescue Committee and the CEO, Chase card services for JPMorgan Chase & Co.

William T. Winters is a director at the International Rescue Committee and was the co-CEO JP Morgan Investment Bank for JPMorgan Chase & Co.

Timothy F. Geithner is a director at the International Rescue Committee, was an overseer at the International Rescue Committee and a secretary for the U.S. Department of the Treasury.

Scott Bessent is the secretary for the U.S. Department of the Treasury and was formerly a partner at the Soros Fund Management (SFM).

George Soros is the founder of the Soros Fund Management (SFM) and the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

Ellen V. Futter is a trustee at the Brookings Institution (think tank) and a director at JPMorgan Chase & Co.

Crandall C. Bowles is a trustee at the Brookings Institution (think tank) and a director at JPMorgan Chase & Co.

Geoffrey T. Boisi is an honorary trustee at the Brookings Institution (think tank) and was the vice chairman for JPMorgan Chase & Co.

James Dimon is the chairman & CEO for JPMorgan Chase & Co. and a member of the Alfalfa Club.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve.
Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is a member of the Bretton Woods Committee.

Alan S. Blinder is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Donald L. Kohn is a member of the Bretton Woods Committee and was a vice chairman for the Federal Reserve Board.

Edwin M. Truman is a member of the Bretton Woods Committee and was a director of the international finance division for the Federal Reserve Board.

Paul A. Volcker is a member of the Bretton Woods Committee and was the chairman for the Federal Reserve Board.

Stanley Fischer is a member of the Bretton Woods Committee and the vice chairman for the Federal Reserve Board.

Randal K. Quarles is a member of the Bretton Woods Committee and a vice chairman for supervision nominee for the Federal Reserve Board.

George Soros is a member of the Bretton Woods Committee and was the chairman for the Foundation to Promote Open Society.

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

C. Douglas Dillon was the chairman for the Brookings Institution (think tank) and an overseer at Harvard University.

Henry Louis Gates Jr. is an honorary trustee at the Brookings Institution (think tank) and a professor at Harvard University and

Paul E. Peterson was a director of governmental studies at the Brookings Institution (think tank) and is a professor at Harvard University.

Lawrence H. Summers was a trustee at the Brookings Institution (think tank) and is a professor; former president of Harvard University.

Ann M. Fudge is a trustee at the Brookings Institution (think tank) and was an overseer at Harvard University.

John C. Whitehead is an honorary trustee at the Brookings Institution (think tank) and was the chairman for Harvard University.

Herbert M. Kaplan is an honorary trustee at the Brookings Institution (think tank) and a board of fellow’s member for Harvard Medical School.

Cass R. Sunstein is a senior fellow at the Brookings Institution (think tank) and a professor at Harvard Medical School.

Lynn Bendheim Thoman is a trustee at the Brookings Institution (think tank) and a board of fellow’s member for Harvard Medical School.

Howard E. Cox Jr. is a trustee at the Brookings Institution (think tank) and a board of fellow’s member for Harvard Medical School.

Kenneth M. Duberstein is a trustee at the Brookings Institution (think tank) and a senior advisory committee member for the Harvard University Institute of Politics.

Harold H. Koh was a trustee at the Brookings Institution (think tank), the State Department legal adviser for the Barack Obama administration, a developments editor for the Harvard Law Review and an overseer at Harvard University.

James Dimon received his MBA at Harvard University, is the chairman & CEO for JPMorgan Chase & Co. and a member of the Alfalfa Club.

Dianne Feinstein was a member of the Alfalfa Club, a U.S. Senate senator and married to Richard C. Blum.

Richard C. Blum was married to Senator Dianne Feinstein and an honorary trustee at the Brookings Institution (think tank).

Jerome H. Powell (Jay) was a partner at the Carlyle Group and is the Chairman for the Federal Reserve.

Edward J. Mathias is a managing director at the Carlyle Group and a director at the Economic Club of Washington.

Vernon E. Jordan Jr. was the president of the Economic Club of Washington and is an honorary trustee at the Brookings Institution (think tank).

Foundation to Promote Open Society was a funder for the Brookings Institution (think tank).

George Soros was the chairman for the Foundation to Promote Open Society and is the founder of the Soros Fund Management (SFM).

Scott Bessent was formerly a partner at Soros Fund Management (SFM) and is the serving since 2025 as the 79th United States secretary of the treasury.

Resources: Past Research

Trump: Jamie Dimon Won't Be Invited to Join Admin (Connecting the Dots: JPMorgan Chase, Jamie Dimon, The Alfalfa Club & Soros Funding, All Networking) (Past Research on Jamie Dimon)

Thursday, November 14, 2024

https://thesteadydrip.blogspot.com/2024/11/trump-jamie-dimon-wont-be-invited-to.html

Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’ (Connecting the Dots: The Federal Reserve, The Economic Club of Washington, The Carlyle Group, David Rubenstein, The UK & Soros Funding, All Networking) (Past Research on Jerome Powell)

Tuesday, February 7, 2023

https://thesteadydrip.blogspot.com/2023/02/fed-chair-powell-says-long-way-to-go-in.html

Justice Roberts: O'Connor Blazed Historic Trail (Connecting the Dots: John Roberts, Sandra Day O'Connor, U.S. Supreme Court, Phi Beta Kappa Society, The Alfalfa Club, The Belizean Grove, The Bohemian Club, The Smithsonian Institution & Soros Funding, All Networking) (Past Research on the Alfalfa Club)

Saturday, December 2, 2023

https://thesteadydrip.blogspot.com/2023/12/justice-roberts-oconnor-blazed-historic.html

Bessent Emerges as Possible Successor to Fed Chair Powell (Connecting the Dots: Jerome H. Powell, The Carlyle Group, The Economic Club of Washington, Federal Reserve, Scott Bessent, Soros Fund Management (SFM), Bloomberg News, U.S. Department of the Treasury, The United Kingdom, The Bank of England & Soros Funding, All Networking) (Past Research on Scott Bessent)

Tuesday, June 10, 2025

https://thesteadydrip.blogspot.com/2025/06/bessent-emerges-as-possible-successor.html

Dr. Morton Halperin – J Street Education Fund (Connecting the Dots: J Street, Morton Halperin, The Open Society Foundations, Newsmax’s Mark Halperin, Rhonda (Randi) Weingarten, The ONE Campaign, MSNBC, ACLU, The Carnegie & Soros Funding) (Past Research on the ONE Campaign)

Tuesday, June 17, 2025

https://thesteadydrip.blogspot.com/2025/06/dr-morton-halperin-j-street-education.html

Trump Admin Threatens Harvard With Funding Cuts (Connecting the Dots: Harvard University, Columbia University, Obamacare & Soros Funding) (Past Research on Harvard University)

Friday, April 4, 2025

https://thesteadydrip.blogspot.com/2025/04/trump-admin-threatens-harvard-with.html