Posted 4/8/2024, 10:23:29 AM
Dimon Warns of Prolonged Inflation and Higher Rates, Even as JPMorgan Prepares for Variable Interest Rate Environment
- Dimon worried about "stickier inflation and higher rates" due to government spending, Fed balance sheet reduction, and geopolitical conflicts
- JPMorgan is prepared for interest rates from 2% to 8% or more
- JPMorgan board developing successors for eventual Dimon departure
- Dimon remains concerned about bank regulation and capital requirements
- JPMorgan expects $2 billion in extra annual earnings from First Republic Bank acquisition