Reported 20 days ago
At a recent conference, JPMorgan Chase CEO Jamie Dimon expressed that potential Federal Reserve rate cuts, whether 25 or 50 basis points, are 'not earth-shattering' and termed them a 'minor thing.' Despite his concerns about the economic vulnerabilities and skepticism about inflation dropping to 2%, he supports the Fed's monetary policy easing. Dimon also criticized the slow process of implementing new capital regulations for banks, arguing that it should have been completed sooner.
Source: YAHOO