Some of Wall Street’s biggest names emphasize the importance of an independent federal bank, as the White House pressure on Jerome Powell is intensifying, the Yahoo Finance notes.

JPMORGAN Managing Director Jamie Dimon, Bank of America CEO Brian Moynihan, Citigroup Managing Director Jane Fraser and Goldman Sachs CEO David Solomon argued this week about why they are so critical of the criticisms of the bureaucrats. The US central bank autonomously.

“The Fed’s independence is very important and it is something we have to fight to maintain,” Solomon told CNBC on Wednesday.

“US stability is actually essential and important to the whole world,” Moynihan said in a separate interview with CNBC on Wednesday and added: “I think a stable Fed, an independent Fed, is the key to it.”

“In a year, we will have a new Fed president, because this is the right of the president,” he added, referring to the fact that Powell’s term expires in May. “But I think the market would really see a change prematurely as something very different.”

Investors actually reacted negatively on Wednesday to multiple reports that Trump was close to Powell’s dismissal. Long -term government bond yields increased and the dollar fell before Trump told reporters that he is “not planning” to fired Powell.

However, Trump left the door open to this possibility. “I don’t rule out anything, but I think it’s extremely unlikely, unless he has to leave for fraud,” he said.

Citigroup’s Fraser was among other major bank executives who made her views public this week.

In a statement shared with the Yahoo Finance and other media, he pointed out that “the independence of the Federal Bank of the United States leads to its credibility. It is vital to the effectiveness of our capital markets and US competitiveness. “

But the CEO first placed this week was a man with a great influence on Wall Street and Washington, Jpmorgan’s Dimon. In April, Trump acknowledged that he heard Dimon before he was back on the duties of “Liberation Day”, who caused panic in the market.

Dimon told reporters on Tuesday that the federal bank’s independence is “completely critical” for Powell and anyone who succeeds him in the Central Bank presidency.

“Playing with the Fed can often have adverse consequences,” Dimon said after the announcement of Jpmorgan’s earnings for the first quarter, adding that it could produce “the absolute opposite effect of what you can hope for.”