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JP Morgan CEO Dimon says the Federal Reserve hiking to 5% and holding there is sound

JP Morgan CEO Dimon says the Federal Reserve hiking to 5% and holding there is sound

Central Banks
By Eamonn Sheridan
08/02/2023 | 22:06 GMT

JP Morgan CEO Jamie Dimon comments crossing news wires:

  • economy is doing fine but there are potential issues ahead
  • the Fed hiking to 5% and lingering there is a reasonable thing to do
  • Fed may hike higher than 5% if inflation proves to be sticky
  • US debt default would be a disaster
Dimon

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