JPMorgan CEO Jamie Dimon sees 'a lot of underlying inflation,' rates at 6% in a recession

Dimon echoes comments by St. Louis Fed President James Bullard about Fed rate hikes potentially surpassing the 5.1% terminal rate set by the Fed in December

JPMorgan Chase & Co. CEO Jamie Dimon said Thursday he thinks the U.S. Federal Reserve may need to hike interest rates beyond the 5.1% terminal rate that it set in December.

“I... JPMorgan Chase & Co. CEO Jamie Dimon said Thursday he thinks the U.S. Federal Reserve may need to hike interest rates beyond the 5.1% terminal rate that it set in December. “I know there are going to be recessions, ups and downs,” Dimon said. “I really don’t spend that much time worrying about it. I do worry that for public policy that damages American growth,” Dimon said.

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