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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
