Jamie Dimon: US bank boss warns interest rates could rise to 8%
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Jamie Dimon, the CEO of JPMorgan Chase, has warned that interest rates in the United States could rise to 8%. Dimon expressed concerns about inflation and the potential impact on the economy. He stated that the Federal Reserve may need to take action to combat inflation by raising interest rates. Dimon's warning comes as the US economy continues to recover from the COVID-19 pandemic, with inflation levels rising. The Federal Reserve has previously indicated that it may raise interest rates sooner than expected to address inflationary pressures. However, the exact timing and magnitude of any rate hikes remain uncertain.
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