Wall Street's relationship with the Trump administration is souring. Bank executives warned the White House on Tuesday that President Trump's policies and the Justice Department's investigation into Federal Reserve Chairman Jerome Powell could harm the economy.

The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession,” Jamie Dimon, who serves as JPMorgan CEO and chairman, wrote in a letter to shareholders on April 7 (1).

Wall Street is waiting for the debt monster to finally bite. There are no signs of it yet, but government balance sheets have to matter at some point.

Hasta esta semana, Wall Street se ha beneficiado generalmente de las políticas de la administración Trump y ha apoyado al presidente.

"Any nominee from U.S. President Trump is likely to have to place additional emphasis on their independence to try and prove they are above politics."

President Donald Trump on Tuesday turned his focus to the economy with a speech in Michigan, where he defended his administration's policies and teased more proposals to come.