J.P. Morgan Chase CEO Jamie Dimon cautioned the White House on Tuesday, saying Federal Reserve Chairman 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.

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