JPM Jamie Dimon:
- We need to fix a lot of things. We need to fix us.
- The dollar may not be the reserve currency if we don’t get our act together.
- US should be taxing carry forward interest
- Not increase SALT deduction
- Says we are going to see a crack in the bond market.
- Don’t know if crisis will be in 6-months or 6-years.
- The Fed is right to give time to policy.
- The Fed has to wait and see.
- In the future I see inflation. I don’t see deflationary stuff
- Deregulation and permitting would help growth and inflation
- We should aspire to 3% growth per year.
- AI may be deflationary but not next year.
- I would entertain running for public office if I thought I would have a chance to win.
The markets sold off on the comments on a Friday..
- Dow is down -0.48%
- S&P is down -0.90%
- Nasdaq is down -1.42%
This article was written by Greg Michalowski at www.forexlive.com.
