Dimon Says Hard for Fed to Cut Rates Until Inflation Cools: CNBC

JPMorgan CEO Jamie Dimon says “if inflation does not go away” it will be hard for the US Federal Reserve to cut rates, in an interview with CNBC-TV18 .

• “People focus too much on 25 basis points”
• Dimon says “hopefully we’ll pick a good Fed chair”
• The Trump administration “is more pro-growth, but we haven’t really attacked the fiscal deficit problem yet”
  • “Growth will do some of that, but I don’t know if it will do all of it”

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Nurin Sofia in Singapore at nsofia@bloomberg.net

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