JPMorgan Chase CEO Jamie Dimon warns of prolonged high inflation and interest rates due to various factors.
JPMorgan Chase CEO Jamie Dimon warned that inflation and interest rates may remain high for longer than anticipated, despite three major US banks posting strong quarterly results. He cited ongoing inflationary forces such as large fiscal deficits, infrastructure needs, trade restructuring, and global remilitarization as factors contributing to the situation.
July 12, 2024
4 Articles