US EditionJamie Dimon: Fed Cuts Are Not Assured, And I Am “Not Particularly Worried” About Stablecoins
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Jamie Dimon: Fed Cuts Are Not Assured, And I Am “Not Particularly Worried” About Stablecoins
The post Jamie Dimon: Fed Cuts Are Not Assured, And I Am “Not Particularly Worried” About Stablecoins appeared on BitcoinEthereumNews.com. JPMorgan CEO Jamie Dimon warns that persistent inflation may limit Fed rate cuts, while downplaying stablecoins as a threat to banks. JPMorgan CEO Jamie Dimon has cautioned that the Federal Reserve may find it difficult to cut rates again, while inflation remains above target. He spoke at the JP Morgan Ind…
JPMorgan’s Dimon Warns Inflation Could Delay Fed Cuts
Jamie Dimon, the CEO of JPMorgan Chase, has added a note of caution to talks about the direction of the Federal Reserve’s monetary policy. Dimon said in a recent interview that inflation may stay high for longer than expected, which means that the central bank would have to keep interest rates stable for longer. He said that it would be hard to lower rates further if inflation stayed around 3%. Dimon said, “If inflation doesn’t go away, it will …
According to Dimon, despite the enthusiasm for future cuts, this possibility is unlikely if inflationary levels do not fall further. He also spoke in favour of stablecoin, indicating that these assets do not pose a threat to the banking sector. *** JPMorgan CEO warned that the Federal Reserve might not cut rates further if inflation persists. Dimon said that stablecoins do not pose an imminent threat to the banking system. The latest cut boosted…
Jamie Dimon Warns Fed Faces Tough Path on Rate Cuts Amid Sticky Inflation
Jamie Dimon cautioned that the Fed will find it difficult to keep lowering interest rates unless inflation falls more decisively. The post Jamie Dimon Warns Fed Faces Tough Path on Rate Cuts Amid Sticky Inflation appeared first on TheCoinrise.com.
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