Jamie Dimon Warns Inflationary Forces Persist Despite Some Easing of Price Pressures

‘Inflation and interest rates may stay higher than the market expects,’ the JPMorgan Chase CEO warned.
Jamie Dimon Warns Inflationary Forces Persist Despite Some Easing of Price Pressures
JPMorgan Chase CEO Jamie Dimon in Washington on April 9, 2019. Jeenah Moon/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

JPMorgan Chase CEO Jamie Dimon said on July 12 that some progress has been made on the inflation front but warned that some inflationary forces persist, including high government spending and supply chain pressures as the structure of global trade undergoes major shifts.

Mr. Dimon’s remarks about persistent inflationary risks were made in a statement that was part of JP Morgan Chase’s second-quarter 2024 earnings report, which showed the bank’s revenues rose 20 percent to $50.99 billion, topping consensus estimates.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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