JPMorgan CEO Jamie Dimon warns that the Federal Reserve's inflation-fighting efforts could spook markets and highlights several threats to the US economy. Dimon believes that the large fiscal deficits could worsen America's inflation problem and lead to further rate hikes. While he agrees with the Fed's decision to pause, Dimon suggests that they may not be done hiking rates, as inflation is stickier than many people think. He also mentions the possibility of long-term inflationary effects due to deficit financing. Other experts, such as Danielle DiMartino Booth, commend Fed Chair Jerome Powell for being prudent in waiting to see the effects of the aggressive rate hike campaign. Dimon's warnings about inflation persistency and the potential need for further rate hikes are echoed by other sources.
Fed's Bostic, cheered by jobs data, still leans against further rate hikes https://t.co/0A1Bgl3N3l https://t.co/LhPZ9nFkec
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
Fed chair Jerome Powell shows some optimism on economy after rate pause https://t.co/IPXKpY9wZ9
#JPMorgan CEO Jamie Dimon: #Inflation May Be Stickier Than People Think, Fed May #RaiseRates Further https://t.co/ih03d41XLc
$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
"I think that Powell is being wise and prudent in waiting to see what the lag effects are going to manifest because this is really been the most aggressive Fed rate hike in campaign in all of our lifetimes." Fed Keeps Interest Rates Steady https://t.co/jn7HaGnIOQ
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