JPMorgan CEO Jamie Dimon’s Bloomberg Interview Highlights:
Sees deficits as inflationary, and they ‘need to be dealt with’Fed’s 50 bps cut was appropriate; longer rates may tick up slightlyMidsize US bank mergers should be allowedAI is “real” and transformative; JPM added 1,000 AI workersIPO backlog exists but execution uncertainPublic markets high, but IPO activity remains surprisingly subduedPrivate capital raising viewed positively
Dimon’s remarks show cautious optimism on economy and a reminder about AI’s transformative potential.
This article was written by Adam Button at www.forexlive.com.
