Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’
- JPMorgan CEO has warned for months that rates could stay high
- Stock indexes hit record high on a sign of cooling inflation
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Jamie Dimon said he’s still more worried about inflation than markets appear to be.
The JPMorgan Chase & Co. chief executive officer said significant price pressures continue to influence the US economy and may mean interest rates will be higher for longer than many investors are expecting. He cited costs linked to the green economy, re-militarization, infrastructure spending, trade disputes and large fiscal deficits.