Posted 3/13/2024, 7:30:12 PM
Dimon Cautions Fed on Rate Cuts, Sees Recession Risk But Adopts More Conciliatory Tone on Bitcoin
- Jamie Dimon warns against Federal Reserve making hasty rate cuts, says they should wait and let economy play out
- Dimon estimates 65% odds of a recession, sees signs of potential financial bubble
- Dimon personally would not buy Bitcoin, but defends others' right to do so
- Previously said government should "close down" Bitcoin, now seems more tolerant
- As Bitcoin price fluctuates, will be interesting to see if Dimon's stance changes further
