Dimon Slams Central Bank Forecasts as '100% Dead Wrong,' Warns Rate Hikes May Be Too Late

JPMorgan CEO Jamie Dimon warned against relying on central bank forecasts, saying they were "100% dead wrong" recently.

Dimon criticized the "omnipotent feeling" that central banks can manage economic challenges.

The Fed insisted inflation was transitory in 2021-2022 but was proven wrong and raised rates aggressively.

Dimon said more rate hikes may not matter much at this point.

Earlier this month, Dimon said current geopolitical tensions may be the most dangerous time in decades.