19:49:57 EST Sat 08 Feb 2025
Enter Symbol
or Name
USA
CA



JPMorgan CDR (CAD Hedged)
Symbol JPM
Shares Issued 3,250,000
Close 2024-12-06 C$ 32.96
Market Cap C$ 107,120,000
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Globe/wire say BofA, rivals hear Fed chairman to stay

2024-12-09 08:51 ET - In the News

See In the News (C-BOFA) Bank of America CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Dec. 9, edition that U.S. president-elect Donald Trump said on Sunday he will not try to replace Federal Reserve chairman Jerome Powell upon taking office in January. A Reuters dispatch to The Globe reports that Mr. Trump said on NBC News' Meet the Press with Kristen Welker that he would not seek to remove Mr. Powell, whose term ends in 2026. Mr. Trump added that he did not think Mr. Powell, who he has sparred with in the past over interest-rate levels, would go quietly. "I think if I told him to, he would. But if I asked him to, he probably wouldn't," Mr. Trump told Ms. Welker. Mr. Trump promised to lower mortgage rates and borrowing costs for U.S. households, risking a clash with Mr. Powell over interest rate policy. His plan for across-the-board tariffs could also complicate the Fed's efforts to control inflation. Last month, Mr. Powell said he would refuse to leave office early if Mr. Trump tried to oust him, arguing that removing him, or any of the other Fed governors, ahead of the end of their terms is "not permitted under the law." Mr. Trump named Mr. Powell, a Republican, to the Fed chair position in early 2018 to replace Janet Yellen.

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