Jamie Dimon

Most business leaders have stayed silent this week.

since the Justice Department opened a new front in those attacks with its criminal probe.

But during a conference call with journalists to discuss JPMorgan Chase's latest financial results, Dimon reiterated his support for Powell.

He added that political interference with the Fed would cause inflation and interest rates to go up.

Maria Aspen, NPR News.

It's NPR.

In the short run, it looks like the American consumer is doing fine, is chugging along.

Companies are making profits.

Stock markets are high.

And that could easily continue.

There are a little small negatives, you know, like jobs are weakening, but just a little bit.

Inflation is there and maybe not going down.

The local governor Andy Beshear described the incident as catastrophic. Anybody who has seen the images and the video know how violent this crash is. And there are a lot of families that are going to be waiting and wondering for a period of time. We're going to try to get them that information as fast as we can. But if this is a family you know, please give them your support. Governor Andy Beshear.

I am far more worried about that than others. I'm not saying next year. It could be six months, it could be two years. So I say the level of uncertainty should be higher in most people's minds than what I call normal. Jamie Dimon, head of JP Morgan Chase, considered by many to be the most important banker in the world.

And that's Kristalina Georgieva, head of the IMF, one of the biggest figures in international finance. Even leading Silicon Valley investors like Jerry Kaplan are now weighing in. We're in the middle of an enormous economic bubble. What we're seeing is this process of this thing feeding on itself, and when it collapses, it's going to be very bad.

Just the interest on the existing debt, not any debt that's going to be accrued in the future, is about $1 trillion a year. That's more than the defense budget. That's more than Medicaid and food stamps and disability insurance all rolled together.

Just the interest on the existing debt, not any debt that's going to be accrued in the future, is about $1 trillion a year. That's more than the defense budget. That's more than Medicaid and food stamps and disability insurance all rolled together.

There are two sorts of people who weren't warned about this. There are people who have something to sell like gold coins or fishy investment products who have been warning about it for way before 50 years. And then there are thoughtful people who look at the escalating numbers and get alarmed. And they've wound up looking foolish very often over the years.

There are two sorts of people who weren't warned about this. There are people who have something to sell like gold coins or fishy investment products who have been warning about it for way before 50 years. And then there are thoughtful people who look at the escalating numbers and get alarmed. And they've wound up looking foolish very often over the years.

And that's precisely because nothing has happened. But now you have many people sounding the alarm all around the same time.