JPMorgan CEO Jamie Dimon warned the Federal Reserve could be forced to raise interest rates further in a 'worst-case' scenario.
Investors need to be prepared for 7% interest rates and most of them aren’t. That’s the stark warning from JPMorgan Chase CEO Jamie Dimon over potential risks for the U.S. economy.
“Going from zero to 5% caught some people off guard, but no one would have taken 5% out of the realm of possibility. I am not sure if the world is prepared for 7%,” Dimon said in an interview with the Times of India. “If they are going to have lower volumes and higher rates, there will be stress in the system. We urge our clients to be prepared for that kind of stress,” he said.
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