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Jamie Dimon Wants the Fed to Delay Rate Cuts

He also puts the possibility of a US recession at 65%.

By Erika Morphy | March 12, 2024 at 06:57 AM

The entire business world is eagerly anticipating the Federal Reserve’s move to start trimming interest rates but not Jamie Dimon. Instead the JPMorgan Chase CEO wants the Fed to wait until the prospect of a recession in the US is “off the table.”

There is a general consensus among economists that the US is headed for a soft landing and Dimon doesn’t discount that idea although he is not as bullish as other projections are. “The world is pricing in a soft landing, at probably 70-80%,” he said addressing the Australian Financial Review Business Summit in Sydney through a video link.

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Erika Morphy

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