JPMorgan Chase CEO Jamie Dimon urges the Federal Reserve to delay interest rate cuts until June, citing the risk of inflation and a possible recession.
JPMorgan Chase CEO Jamie Dimon has urged the Federal Reserve to hold off on cutting interest rates until after June, arguing that the central bank needs to maintain its credibility in combating inflation. He acknowledged the U.S. economy's strong performance but warned that a recession is likely and that there may be characteristics of a bubble in debt and equity markets. Dimon also criticized bitcoin, describing some of its practical uses as illegal activities.
March 11, 2024
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