JPMorgan Chase CEO Jamie Dimon said the Fed cutting interest rates by 25 or 50 basis points “would not be earth-shattering.”

“They need to do it. It’s not a big deal for the Fed to raise or lower rates because there’s real economics behind it,” Dimon said.

Dimon said last month that he “didn’t think it was as big a deal as other people think,” citing ongoing economic uncertainty and inflationary pressures.

Dimon reiterated Tuesday at the Georgetown Psaros Center for Financial Markets and Policy’s annual Financial Markets Quality conference that geopolitics, including the wars in Ukraine and the Middle East, as well as the U.S. relationship with China, are his biggest concerns. “It overshadows every issue I’ve had since I started working there. People are too focused on, ‘Are we going to have a soft landing or a hard landing?’” "To be honest, most of us have experienced these things, it's not that big of a deal," he said. ✒️Ekotürk