Reported 3 days ago
JPMorgan CEO Jamie Dimon predicts upcoming turmoil in the US Treasury market, suggesting that it will lead to intervention by the Federal Reserve. He attributes this potential 'kerfuffle' to current regulatory issues and low liquidity, which could further escalate market volatility. Dimon emphasizes the need for regulatory reforms to enable banks to act more effectively as intermediaries, pointing out that existing rules may inadvertently increase risk during volatile periods.
Source: YAHOO