JP Morgan's Dimon says inflation is worse than people think
JPMorgan CEO Jamie Dimon spoke with Bloomberg TV on Thursday, sounding very cautious:
"underlying inflation may not go away the way people expect it to"
"there are a lot of inflationary forces in front of us that may keep it a little bit higher than people expect."
Dimon added that the chances of monetary policy staying unchanged, or even tightening further are higher than many expect, and that soft-landing hopes should be half of what they are.
"underlying inflation may not go away the way people expect it to"
"there are a lot of inflationary forces in front of us that may keep it a little bit higher than people expect."
Dimon added that the chances of monetary policy staying unchanged, or even tightening further are higher than many expect, and that soft-landing hopes should be half of what they are.
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