JPMorgan Chase CEO Jamie Dimon warns of persistent inflation, terrible wars and violence, and the Fed's efforts to tighten financial conditions as significant uncertain forces that threaten an otherwise positive economic backdrop.
JPMorgan Chase CEO Jamie Dimon warned Friday that"persistent" inflation,"terrible wars and violence" and the Fed's efforts to tighten financial conditions threaten an otherwise positive economic backdrop.
JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop.An"unsettling" global landscape including"terrible wars and violence" is one such factor introducing uncertainty both into JPMorgan's business and the broader economy, Dimon said.
The central bank is allowing up to $95 billion in proceeds from maturing bonds to roll off each month rather than reinvesting them, resulting in a $1.5 trillion contraction in holdings since June 2022. The program is part of the Fed's efforts to tighten financial conditions in hopes of alleviating inflationary pressures.
Jpmorgan Chase CEO Jamie Dimon Inflation War Economic Outlook Financial Conditions
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