JPMorgan CEO Prepares for Potential 5% Interest Rate Hike

Jamie Dimon, CEO of JPMorgan Chase, outlined the bank’s readiness for a potential interest rate increase to 5%, signaling its preparations for rising rates amid vulnerabilities in the bond market. His comments at the Reagan National Economic Forum highlighted the potential ripple effects on global finance. Dimon stressed the bank’s anticipation of reaching 5% interest rates while acknowledging the risks posed by potentially volatile bond markets.