Jamie Dimon is chiming in too, so I know it’s political. He hasn’t been right since Trump left office. I will say that the current administration can do more to lower gas and oil prices although it’s not as easy as it seems with the Mideast in turmoil.
Mon ami, Jamie Dimon is possibly maybe probably the best CEO in America. Which of his reasons do you disagree with?
And if the Admin is fighting like crazy to destroy fossil fuels, how are they going to lower prices? All they are doing is creating a future scarcity. BTW, here is the Dimon quote, which I agree with:
- JPMorgan Chase Chief Executive Jamie Dimon warned that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that record-high deficit spending and geopolitical stress will complicate the fight against inflation. “Huge fiscal spending, the trillions needed each year for the green economy, the remilitarization of the world and the restructuring of global trade—all are inflationary,” Dimon wrote in an annual letter to JPMorgan Chase shareholders released on Monday. Once again sounding a cautious note, Dimon said he questioned the optimism in financial markets. He said investors and traders expect the Federal Reserve to engineer a so-called soft landing in which the economy avoids a recession despite a sharp rise in interest rates in recent years, The WSJ reports. Dimon also warned that the federal government was overstepping its bounds in trying to add new capital requirements on banks.