Dimon Says He's Skeptical Inflation Will Return to Fed's 2% Target

News August 07, 2024 at 03:01 PM
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What You Need To Know

  • The head of JPMorgan has been warning for more than a year that inflation may be stickier than investors expect.
  • He also said the bank is prepared for interest rates ranging from 2% to 8% or higher.
  • Dimon, 68, has run JPMorgan for more than 18 years.
Jamie Dimon, CEO of JP Morgan Chase