Jamie Dimon on the US economy: Rates should be around 4%

Author: Adam Button | Category: News

Highlights from the earnings call

  • US interest rates should be around 4%
  • Jerome Powell is "doing an excellent job"
  • Economy is still very strong
  • US administration should be aggressive, sees an eventually deal with China
  • People should be prepared for rates to go higher "we need that"

He's upbeat and sounds like he's preparing for a continued rise in yields. Of course, higher rates will also help JPMs bottom line.

Here's the full quote:

Separately, Citigroup shares are leading the way in the pre-market, up nearly 3%. The company said there could be a slight increase in credit card delinquencies in the coming years but that it would still be well under control.

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