JPMorgan Chase chief executive Jamie Dimon has said it would be good if the Federal Reserve "waited now" before cutting interest rates. He is concerned that inflation could start rising again.
The advice clashes with where the Fed is likely headed, having set the stage to embrace an initial rate cut in September 2024.
Dimon had undergone an interview with the Swiss paper NZZ (short for Neue Zürcher Zeitung, or New Zurich Journal) last week. When asked whether interest rates were too high in the U.S., he noted a number of ways he saw the Fed making mistakes.
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