[JPMorgan Chase: If Trump wins, financial markets may ease any attempt to put too much pressure on the independence of the Federal Reserve] Golden Finance reported that Michael Feroli, an economist at JPMorgan Chase, said that if former President Trump wins the US election in November, financial markets may ease any potential attempts by Trump to put too much pressure on the independence of the Federal Reserve. Although the Federal Reserve has certain mechanisms to avoid direct control by the president, the White House may try to put pressure on monetary policy in less traditional ways. One direct way is to replace Federal Reserve Chairman Powell. But legal scholars say this move will be difficult. Both Trump's supporters and opponents have questioned whether he would seek to reduce the autonomy of the Federal Reserve if he is re-elected. Trump himself said at a press conference in August that he strongly believes that the president should have a "say" on interest rate policy.