According to Odaily Planet Daily, JPMorgan CEO Jamie Dimon stated that it is correct for the Federal Reserve to remain cautious at this time, and we are fully prepared for interest rates to rise to 5%. The Federal Reserve can attempt to manipulate long-term interest rates, but such manipulation cannot be sustained for long. Dimon also mentioned that artificial intelligence may have a deflationary effect, but it will not appear next year.
JPMorgan CEO Jamie Dimon says the Federal Reserve should remain cautious and be prepared for interest rates to rise to 5%
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