- June 15, 2021
- Posted by: Stratford Team
- Category: Business
Charles Schwab global chief investment strategist Jeffery Kleintop gives different take on the inflation scare on ‘Kudlow’
JPMorgan CEO Jamie Dimon said his bank is in good shape to handle what will likely be higher inflation.
“I do expect you are going to see higher rates, more inflation and we are prepared for that” Dimon said during a Q&A at Morgan Stanley’s US Financials Conference.
Ticker Security Last Change Change %JPM JPMORGAN CHASE & CO. 154.82 -2.67 -1.69%
This is not the first time Dimon has addressed inflation. In his annual letter to shareholders, he outlined a scenario where inflation could move up.
“We don’t know what the future holds, and it is possible that we will have a Goldilocks moment — fast and sustained growth, inflation that moves up gently (but not too much) and interest rates that rise (but not too much). A booming economy makes managing U.S. debt much easier and makes it much easier for the Fed to reverse QE and…
