JPM - JPMorgan's Jamie Dimon Warns Of 'A Lot Of Inflationary Forces' Ahead Predicts Higher Interest Rates | Benzinga
Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate.
What Happened: Dimon, highlighted the various factors contributing to the ongoing inflation. These include costs associated with the green economy, re-militarization, infrastructure spending, and substantial fiscal deficits. He also pointed out that geopolitical factors could significantly influence the economy in the coming year. Dimon said this in an interview with Bloomberg Television on Thursday.
"A lot of inflationary forces are in front of us," Dimon said.
Dimon has been consistently warning about the possibility of inflation being more persistent than what most investors expect. In his annual letter to shareholders, ...