Odaily Planet Daily News JP Morgan CEO Jamie Dimon said that the Federal Reserve may have to continue to raise interest rates to curb persistent inflation, and the upcoming increase in borrowing costs may cause greater damage to the global economy.
Dimon said: “Growing from 0% to 2% doesn’t change much, and going from 0% to 5% catches some people off guard, but no one would rule out 5% as a possibility, and I’m not sure the market is doing it for 7%. Be prepared. If they are going to lower transaction volumes and raise interest rates, the system will be under pressure.” (CoinDesk)