Reported 21 days ago
JPMorgan Chase CEO Jamie Dimon stated that any Federal Reserve interest rate cut, whether by 25 or 50 basis points, is unlikely to have a significant effect on the economy. He emphasized that while the Fed's actions are important, they are not as impactful as the underlying real economic conditions. Dimon noted his concerns about ongoing geopolitical events and inflation's persistence, hinting that such factors should be prioritized over rate discussions.
Source: YAHOO