Jamie Dimon, the CEO of JPMorgan Chase & Co, has voiced concerns about the persistent inflationary pressures in the U.S. economy. He suggests that these pressures may lead to a prolonged period of higher interest rates than what investors anticipate. What Happened: Dimon, highlighted the various factors contributing to the ongoing inflation. These include costs associated with the green economy, re-militarization, infrastructure spending, and substantial fiscal deficits. He also pointed out that geopolitical factors could significantly influence the economy in the coming year. Dimon said this …
