Jamie Dimon said that if the U.S. continues to see inflation running hot over the next few months then the central bank could be forced to act quickly.
could be still be forced into a sharp policy move next year — despite its best efforts to soothe concerns over inflation and interest rates.has already suggested that the central bank could start to dial back on its pandemic-era monetary stimulus before the end of this year. He is due to outline more details later on Wednesday at the end of the Fed's two-day policy meeting. The U.S. central bank is also due to publish its highly-anticipated inflation and interest rates forecasts.
"If inflation is so high that the Fed has to do more traditional madmen economy, like jam on the brakes, pull out liquidity, then you're going to see a huge reaction. And I'm not predicting that, but it's possible they have to do that sometime next year," Dimon said in an interview aired on Tuesday.The top uncertainty for thehas been the path of inflation. The latest data showed U.S. consumer prices were up by 5.
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