JPMorgan CEO: Skeptical of Soft Landing for U.S. Economy After Rate Cuts
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September 20, 2024
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On September 21, JPMorgan Chase CEO Jamie Dimon expressed skepticism about a soft landing for the economy, even after the Federal Reserve cut interest rates for the first time in over four years.
Speaking at the Atlantic Festival in Washington on Friday, he said, “I’m more skeptical than others. I think the probability of a soft landing is lower. I certainly hope it happens, but I’m more skeptical about inflation going away so easily. Not because it’s not going down, but because is it going to go down more?” (Gold Ten)
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