Jamie Dimon believes U.S. is 'not prepared' for 7% interest rates

While Fed officials held interest rates in place at their September FOMC meeting, some of Wall Street's biggest names remain uncertain on the trajectory of regulators' monetary policy. JPMorgan Chase (JPM) CEO Jamie Dimon told the Times of India in an interview: "I am not sure if the world is prepared for 7%." Yahoo Finance anchors Brad Smith and Seana Smith examine Dimon's comments and how the U.S. economy is currently balancing unemployment and elevated interest rates in the Fed's attempt to alleviate inflation. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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[maestrovso]

Such a caring banker. We Americans are blessed.

[Popunkwillneverdie]

I'm not rewatching 50 first dates again all jokes aside I want the restraining order please

[lavabolt]

And in the meantime Chase Bank charges his credit card customers up to 28% interest rate, give me a break...

[Popunkwillneverdie]

I'm sure chris pine wouldn't mind sharing his theories since he has so much to say

[Dave-zlky]

Jamie has been in business for how long?

[Popunkwillneverdie]

Jaimie i want that restraining order I asked for internet hacking should be included

[xdonnix]

These analysts have zero clue. "Yes high rates are a possibility but that just means faster and more aggressive cuts"Completely ignorant to financial history. People that trade on this advice will exist the pool. Check how long it took for rates to reach the ZLB from the 70s inflation outbreak. Consider that the growth of China and globalization also suppressed long term rates. Think that is likely to occur again? Good luck.

[wannaknowbad]

If they don't raise rates to 6% or a tad more.... we will see 7% inflation.

[Popunkwillneverdie]

The coverup story is fun yeah whatever doesn't change the facts of what they did to me and stalked me into adulthood

[tatianafoule]

Listen to that soft smartness: "so they (the owner and the lady) had children " children not a worker""

Please