Finance
Dimon Says He’s Skeptical Inflation Will Return to Fed’s 2% Target
- Inflation pressures haven’t been eliminated, JPMorgan CEO says
- He expects Federal Reserve to lower borrowing costs soon
Jamie Dimon
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he’s skeptical that inflation will return to the Federal Reserve’s 2% target, citing risks including deficit spending and “remilitarization of the world.”
There’s still a lot of economic uncertainty tied to factors including geopolitics and quantitative tightening, Dimon said Wednesday in a CNBC interview from Kansas City. The central bank will probably cut rates soon, he added, but “I don’t think it matters as much as other people think.”