Cambaalest says that he returned the comment on tariff due to concerns for the firm
CEO Dimon says he supports analysts freely speaking
Trump’s orders target law firms challenging their policies
April 11 – A senior JP Morgan Asset Management Investment Strategist said he has held back on some of his public comments on the US tariff, as his entire opinion affects his colleagues and Wall Street Bank.
In a webinar titled “The 2025 Tariff Shock”, the chairman of the market and investment strategy, he said he was not able to fully express his views on the possible impacts of tariffs on markets and economies.
At the 7th of April webinar, he said that the tariff was “a kind of Sledahemer, Brout Force Approach”.
Cambaalest did not refer to President Donald Trump in his comment about making some opinion directly, which he made in a webinar posted on the bank’s website. The comment was first reported by Bloomberg News on Thursday.
“This is the first time I had to make a call at any time, where I had to think about the things I was saying, not only in the context of how they reflect our ideas on markets and economics,” CEMBLEST said in comments made to the end of the webinar.
“But I had to think about how they can reflect the firm and some of his colleagues at the time when people are being held accountable to their thoughts and things they say in ways they should not be.
“So I have said that everything I wanted to say on this call was not everything.”
Jamie Dimon, CEO of JP Morgan Chase, said in a post-Kamai media call on Friday that he hoped that the company’s analysts would speak their mind.
“We hope that our analysts speak their mind independently, give their opinions independently and we support it,” he said.
In a statement, a JP Morgan spokesman said: “Michael covered the goals, opportunities and risks of administration policies.”
New York -based Cambaalest did not respond to the requests of comments sent out of general regular regular commercial hours.
Comments come in the US amidst broad environment of corporate caution as the Trump administration signs executive orders targeting the law firms, restricting their reach to government officials and threatening to cancel the federal contracts organized by its customers.
The orders targeted the targeted firms who represented customers who have challenged Trump’s policies in court, employed the lawyers involved in the prosecution investigation against Trump, or represent those who have first investigated them. His orders have also blamed firms for workplace diversity policies.
Cambaalest’s comments followed a report of April 2, which he published under the title “Redacated: Strait Talk from the CEO Front Lines on Liberation Day”, in which a large portion of the text about the tariff was black out.
He wrote in the report, “The next phase includes either trading partners providing adequate concessions to the White House so that tariffs are temporary, or a growing tariff struggle that can harm the global economy,” he wrote in the report.
“I don’t think Tariff is the only issue that has led to a decline in American CEO business confidence. I believe that the following issues are also negatively affected by the CEO’s trust and capital expenditure schemes on the lines of the front, so let’s talk clearly about them.”
Large parts of the next three pages of the report were redefined, covering the black box text. Reuters could not immediately determine why the text was redefined.
This article was generated from an automated news agency feed without amending the text.
