JPMorgan Chase CEO Jamie Dimon warns US interest rates could rise to 8%+ due to deficit spending and geopolitical stress, complicating inflation fight.

JPMorgan Chase CEO Jamie Dimon warned that US interest rates could rise to 8% or higher due to record-high deficit spending and geopolitical stress, complicating efforts to fight inflation. He also mentioned that inflation, political polarization, and wars pose unprecedented risks since WWII.