Trump Treasury nominee: Fed should be patient with rate cuts
According to ChainCatcher, JPMorgan Chase CEO Dimon said that the Federal Reserve should be patient when adjusting interest rates next time to take into account the possibility of rising inflation again in a turbulent world. "Inflation is moving in the right direction. But it would be better if the Fed waited now," Dimon said. "I think there are many reasons why inflation may rise again in the future: increased government spending, the remilitarization of the world, massive investment in the green economy, and structural adjustments to trade," he said. At the Fed's July meeting, policymakers are expected to keep interest rates unchanged at 5.25-5.5%, but given new progress in easing price pressures, including an unexpected drop in inflation in June, they may set a timetable for rate cuts. US presidential election candidate Trump previously said that if he is elected president, he would consider inviting Dimon to serve as Treasury Secretary. (Jinshi)
