Labor Department data showing the U.S. added fewer jobs than thought confirm the world's biggest economy is slowing down says JPMorgan Chase CEO Jamie Dimon.
The Federal Reserve will “probably” reduce its benchmark interest rate at its next meeting later this month, though that might not “be consequential to the economy,” Dimon said.
So…why are people even listening to this idiot, then? Lowering interest rates during a possible recession, when tariffs are already causing higher inflation, will send the dollar into a tailspin.
So…why are people even listening to this idiot, then? Lowering interest rates during a possible recession, when tariffs are already causing higher inflation, will send the dollar into a tailspin.