Jamie Dimon says he cannot rule out the possibility of stagflation as the US grapples with huge risks from geopolitics, deficits and price pressures.
“I don’t agree that we’re in a sweet spot,” the JPMorgan Chase chief executive said in a Bloomberg Television interview at the lender’s Global China Summit in Shanghai. The US Federal Reserve is doing the right thing to wait and see before making changes to interest rate policy, he said.
