Fed Nervous About Normalization Process, Says Parry
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve should increase interest rates -- sooner, rather than later. Fed policy makers will gather in Washington Sept. 20-21, and recent comments from the committee’s voters have sent mixed signals about whether they’ll lift rates or stay on hold until at least the December meeting. Speaking Monday in Chicago, Fed Governor Lael Brainard said that “the case to tighten policy pre-emptively is less compelling” in an environment where declining unemployment has been slow to spur faster inflation. Hermes Head of Equities Andrew Parry discusses with Bloomberg's Anna Edwards on "Countdown."