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But his success in turning the bank's foreign-exchange business around and his experience managing risk make him a CEO option when Jamie Dimon retires.Ĭommercial real estate is a sinking ship, and lenders want off. Troy Rohrbaugh, JPMorgan's new co-CEO of commercial and investment banking, has kept a fairly low profile at the bank for nearly 20 years. Chair Jerome Powell dismissed hopes that a rate cut might come by March, but some are still hopeful. The Federal Reserve announced another pause in interest-rate hikes on Wednesday. The Federal Reserve announced today that interest rates will remain unchanged.

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Federal Reserve Board Chairman Jerome Powell arrives at a news conference at the headquarters of the Federal Reserve on Decemin Washington, DC.

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