There will be Stress in The System

World not ready for Fed rate rising to 7%, warns JPMorgan's Jamie Dimon

Sep. 26, 2023 4:16 AM ET

JPMorgan Chase & Co. (JPM)

By: Jessica Kuruthukulangara, SA News Editor5 Comments

The world may not be prepared for the Federal Reserve's benchmark interest rate rising to 7%, JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon said in an interview with newspaper Times of India.

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Dimon Warns World Not Ready for 7% Fed Rate: Times of India