JPMorgan Chase CEO Jamie Dimon warns of risks from Russia-Ukraine war, Fed rate hikes

#JPMorgan #JamieDimon #RussiaUkraine
Yahoo Finance's Brian Cheung and Akiko Fujita discuss JPMorgan Chase CEO Jamie Dimon's sprawling annual letter to shareholders.
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[@majn7241]

Re: Federal Reserve 🏦
Jamie Dimond "cautions" the fed with regards to raising interest rate-s aggressively. The problem with a fed "aggressive" plan, would entail even slower credit expansion rates. This is a "consumer" driven economy which is very sensitive to escalating interest rates. (e.g. 💳credit cards/personal loans/mortgages)
Inflation will not disappear overnight. With or without FRIRH's.
An equitable plan would be leaning towards a modest uptick of quarterly interest rate hike-s. e.g. "25 bps" or quarterly omission-s. Inflation would have to run hotter & longer for a prolonged period of time to avoid an even heightened severity of consequence-s. Supply disruption-s do have validity in this conundrum.
Yes, unfortunately, the consumer will bear the brunt of all this as it always has. 💸
Regards -

[@wisemoneyfinance451]

I just try to practice sound financial principles regardless of the noise around me. Same stuff I talk about in my videos.

[@The_Manna]

I don't want to read a big report. Really! Somebody please fire this so called journalist.

[@jeffallcock4561]

Says a guy who should be in jail.

[@dsanti4069]

Buy signal .

[@giovanniayala3255]

Something has to be done Now !

[@mant3614]

Bankster... why would I listen

[@LittleOrla]

To find out what the banksters have plant.