JPMorgan CEO Dimon Says Fed Will Cut Rates, Won't Be 'Earth-Shattering'

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JPMorgan Chair and CEO Jamie Dimon says Federal Reserve Chair Jerome Powell does a great job and the Fed will cut rates but "underneath that there's a real economy." He speaks at the 2024 Financial Markets Quality (FMQ) Conference hosted by the Georgetown University McDonough School of Business in Washington D.C.

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A 50 bps cut while unemployment rate is 4.2% will increase pce inflation to 3%. The Fed can't have that.

kurdik
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Great comment by CEO Jamie Dimon. I also do not understand why it is such a big thing on my TV screen every night. We will know tonight and I expect 25 basis point.

steveong
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Don't act too fast and too far. just the right dose of rate cut is enough, say 25 bps by two times.

MrKenng
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Blonbering single seguro espre bimenca leoneli 500

MartinaPaulinodelarosa
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Jerome is weak... Inflation is still above 2%... wtf when are the Stimulus Checks coming ?

PonziZombieKiller