Jamie Dimon Warns Americans Could Pay the Price if the Fed Keeps Rates High for Too Long — ‘We Just Don’t Know When’ the Good Times Will End
JPMorgan's Dimon warns prolonged high rates could weaken consumer credit, prompting tighter lending amid inflation, deficits and elevated asset prices.
JPMorgan's leader thinks keeping interest rates high too long could hurt people's ability to borrow money. When companies lend less, it can slow down spending and the economy, so watch if banks tighten their lending rules.
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