Jamie Dimon sounds alarm over 'persistent' inflation, Fed policy

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Jamie Dimon, CEO of JPMorgan Chase, warns of several headwinds that pose major threats to the U.S. economy, including chronic inflation, Federal Reserve policy, and ongoing wars. Dimon expresses concern about a 'large number of persistent inflationary pressures' that may continue. Inflation rose 3.5% in March, the highest level since September 2023, according to the consumer price index data. Dimon also expresses concerns over the campaign to shrink the assets on the Federal Reserve's $7.5 trillion balance sheet. He believes the odds of a soft landing for the economy are lower than what the markets are pricing in. Dimon's comments come as policymakers weigh when to start cutting interest rates amid concerns that progress on inflation has stalled.

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https://www.foxbusiness.com/economy/jamie-dimon-sounds-alarm-over-persistent-inflation-fed-policy