Wall Street executives warn Trump: Stop attacking the Federal Reserve and the credit card industry.

According to a report from the Associated Press on the 13th, Trump proposed a 10% limit on credit card interest rates, and instructed the Justice Department to investigate Federal Reserve Chairman Powell, sparking strong opposition from the banking industry. On the 13th, CEOs of major banks in the United States issued warnings to Trump, stating that this series of measures would do more harm than good to the US economy. Robin Wenz, CEO of a New York bank, stated, "Attacks on the independence of the Federal Reserve, in our view, do not achieve the government's main goals, such as reducing borrowing costs, reducing mortgage expenses, and lowering the daily living costs of Americans." Jamie Dimon, CEO of JPMorgan Chase, told reporters on the 13th, "I do not agree with all of the Federal Reserve's decisions, but I have the utmost respect for Powell personally." JPMorgan Chase's Chief Financial Officer, Jeffrey Barnum, stated that the industry is willing to use all resources to prevent the Trump administration from setting a limit on credit card interest rates.