Reported 5 months ago
JPMorgan's CEO Jamie Dimon and Goldman Sachs' CEO David Solomon expressed concerns about the US economy, with Dimon suggesting a hard landing could still occur and Solomon expecting the Federal Reserve to maintain higher interest rates due to AI efficiencies. The reactions come after May's FOMC meeting minutes and reflect uncertainty about the Fed's 2% inflation target, with sticky inflation and economic growth concerns driving discussion among policymakers. Dimon and Solomon's remarks indicate a cautious approach to potential rate cuts and economic outlook.
Source: YAHOO