Federal Reserve Chair Jerome Powell stated that while the Fed has paused rate hikes, it does not mean it will be difficult to raise rates again. JPMorgan CEO Jamie Dimon warned that the Fed could raise interest rates by an additional 75 basis points due to 'stickier' inflation. Dimon also highlighted the potential impact of large fiscal deficits on inflation. He believes that inflation is more persistent than many expect and that the Fed may need to raise rates further.
JPMorgan CEO #JamieDimon warns that #inflation may be more persistent than many expect, and the #Fed may need to raise interest rates further. https://t.co/ih03d41XLc
#JPMorgan CEO Jamie Dimon: #Inflation May Be Stickier Than People Think, Fed May #RaiseRates Further https://t.co/ih03d41XLc
Fed chair Jerome Powell believes the U.S. economy is capable of growing faster than usual right now, without inflationary pressure. That was the subtext — and, in some spots, explicit text — of his comments after Wednesday's decision. https://t.co/SkRnBL6fjM
$JPM CEO Jamie Dimon says he sees trends pointing to longterm inflationary effects, not disinflationary: "There's a lot of deficit financing and that may cause longterm rates to go and stay higher, and inflation, for a little bit longer." Read more here: https://t.co/TiQWbsucgU https://t.co/wJFYVAFTh9
The Fed is “right to pause here,” $JPM CEO Jamie Dimon says on Wednesday’s policy meeting, however, he believes, “they may not be done [hiking]” as “inflation is just a little stickier than a lot of people think.” https://t.co/Bh9FrZMq3y
JPMorgan's, $JPM, Jamie Dimon has said that “the largest peacetime fiscal deficits ever” could stoke America’s inflation problem and fuel further rate hikes, per Fortune.
JPMorgan's Dimon warns the Fed's inflation war will spook markets - and flags a raft of threats to the US economy https://t.co/x70oHFDYFN
'JPMorgan Chase (JPM) CEO Jamie Dimon said it remains possible the Federal Reserve could raise interest rates an additional 75 basis points due to "stickier" inflation, warning businesses should be prepared for such a worst-case scenario.' https://t.co/QYvyh0N6X8
Fed Chair Jerome Powell said on Wednesday that another pause on rate hikes does not mean it will be difficult to raise again. "The committee will always do what it thinks is appropriate at the time," he said. https://t.co/fjf6GvTmdj https://t.co/PExeGRo1L9