Jamie Dimon: Fed Has No Choice But to Do QT

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon says the Federal Reserve has no choice but to raise interest rates and conduct quantitative tightening. He also talks about the rising price of oil and gas. He spoke at conference sponsored by AllianceBernstein Holdings on June 1.

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[Menchman]

Two best point he made are 1) data is currently so distorted. 2) we’re not dealing with the challenges we’re facing.

[A_friend_of_Aristotle]

He's totally right about coal: it's cheap, plentiful and rich with energy. The honor of consumption goes to the cheapest and the best. If only the enviorn-mentalists had not outlawed nuclear in the 1980's we would be almost done burning coal AND oil.

[williammudloff]

"YOU BETTER BRACE YOURSELF" QUOTE OF THE DECADE! This man is brilliant.

[nailujd]

People only want to listen to him when it’s good news, but he knows what he’s talking about. Jamie Dimon is brilliant. Like it or not.

[russellwalters]

Mr Dimon nailed it. I appreciate his insights.

[slovokia]

Dollars don’t taste very good if you try to eat them. Governments can print money but they cannot print wheat or oil.

[jeffreymarshall]

When somebody as a smart as Dimon says he scared as hell about the unknowns of QT, we all should be worried.

[ANtr]

The silence in the end sends a chill down my spine.

[jc]

He nailed it when he said getting rid of oil wont help C02 but will actually increase it as the poorer countries burn coal. This is common sense. Why do people not get this?

[MrIlya]

Technically, there was war in Yugoslavia. But still, his point stands

[ccsecretwealth]

Jamie is an Insider to everything money and economics. So he is sending a public message to his cohorts, to take heed on what's going to happen.

[dangremaus]

The interesting thing is that we’ve been complaining about the fiscal debt of the government for years. Now they’re finally doing something about it. Whatever it takes to stop kicking the can down the road.

[constantin]

Where were people like Jamie Dimon a year ago to raise concerns about outrageous money printing and upcoming inflation? They were all enjoying skyrocketing profit gains. Now that profits are going down they all voice their concern. It's a messed up system that benefits no one, but crooks in the long run

[lplp]

Mr. Dimon sometimes may come across as Arrogant, but this man is intelligent. He understands economics like very few men do. In the short video he’s told us the truth and what we are facing now and what’s ahead.

[cassinitakano]

can you all at Bloomberg ban this Sean Yun guy pls? He annoying af, kept ranting

[ledhalenV]

The only good thing about famine and mass starvation is we won’t have to hear about climate change and pronouns anymore. Those are issues for the rich and bored, not the poor and hungry.

[AH-fmrj]

The EU problem is the age structure. Retirees are a large part of the society and with QT and higher bond yield all pension funds will soon go bust. The worst part is, that many of them invested heavily in the housing sector which will be killed with QT in the next couple of months.

[Naturallygreencleaning]

Why didn't he warn about the hurricane two years ago? 😕

[jzmcgriggs]

Better than most of the stand up comedy on youtube. Looks like storm clouds on the horizon.

[emanik]

Good one. Keep'em coming Bloomberg team!