JPMorgan CEO: Skeptical of Soft Landing for US Economy After Rate Cuts

Article is form Jinse
September 20, 2024
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JPMorgan Chase CEO Jamie Dimon expressed skepticism about a soft landing for the economy, even after the Federal Reserve made its first rate cut in over four years. Speaking at the Atlantic Festival in Washington on Friday, he said, "I'm more of a skeptic than most people, I think the likelihood of a soft landing is lower, I certainly hope it happens, but I'm more doubtful about whether inflation is going to disappear that easily, not because it hasn't come down, but whether it can come down more."

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