Wall Street “cries” over the reform of the Federal Reserve, and Damon supports Walsh, saying it is very farsighted

Comparing news, the new Federal Reserve Chairman Walsh recently triggered a sharp backlash on Wall Street due to the reduction in policy communication and the cancellation of forward-looking guidelines. Faced with market pain and questions, J.P. Morgan CEO Dimon publicly supported Walsh, saying that the reforms were “of extraordinary significance.”

When the new Federal Reserve Chairman Kevin Warsh (Kevin Warsh) took office, he waved a “scalpel” over the Federal Reserve's long tradition of communication. This strategy, which seeks to streamline and reduce intervention, has made Wall Street, which is used to being “fed” by policies, extremely uncomfortable. However, in the midst of this storm of policy transformation, Jamie Dimon (Jamie Dimon), CEO of J.P. Morgan Chase, the head of the nation's largest banks, firmly sided with Walsh.

In an interview, Dimon made no secret of his admiration for the Walsh reforms, calling their approach “extraordinary significance.” Faced with collective complaints from peers and analysts, Damon's comments seemed quite painful. He bluntly pointed out that Wall Street's current reaction is like a “frightened little pig screaming,” and in his opinion, this anxiety caused by reduced policy transparency is not enough reason to hinder reforms.