Jamie Dimon says the Fed may need to hike interest rates much higher than markets expect in order to get inflation under control

Jan 10 2023 by Business Insider

 
JPMorgan Chase CEO Jamie Dimon.

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The Federal Reserve may need to hike interest rates beyond the market's expectations, JPMorgan CEO Jamie Dimon told Fox Business.  The Fed may have to lift the fed funds rates to 6%, while the consensus is for just above 5%.  "I don't think there's any harm done by waiting three to six months" to assess the impact of rate hikes, the CEO said. 

Stubbornly high Inflation may require the Federal Reserve to ratchet up interest rates by...

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