JPM - JPMorgan CEO Jamie Dimon Says Inflation 'Might Not Go Away That Quickly' | Benzinga
As inflation continues to challenge global economies, JPMorgan Chase & Co. CEO Jamie Dimon suggests that the situation might not improve as quickly as anticipated despite recent promising indicators. Speaking from Mexico City, Dimon also highlighted the significant investment opportunities in Mexico across various sectors.
What Happened: In an interview with El Financiero Bloomberg TV, Dimon expressed concerns about the long-term impact of inflation, warning that people may be reacting prematurely to short-term figures.
"I'm afraid inflation might not go away that quickly," he said.
His sentiments echo those of Citadel founder Ken Griffin, suggesting the Federal Reserve needs to reassure the public about its capacity to manage inflation. Despite the current robust economic condition, Dimon has been vocal about potential economic hurdles including quantitative tightening and geopolitical tensions.
In September, Dimon discussed how JPMorgan is advising its ...