JPMorgan’s Dimon Says Higher Inflation Risk Could Be A ‘Skunk At A Party’ For US
Synopsis
CEO Jamie Dimon said in a CNBC interview that there’s more inflation than people think, and that could have long-term consequences.
Jamie Dimon, CEO at JPMorgan Chase & Co., said on Monday that inflation could become a bit like a “skunk at a party” for the U.S.
In a CNBC interview, Dimon replied to a question about the risk of inflation due to increasing oil prices from the U.S.-Israel-Iran war, saying that while it wasn’t isolated, “There’s some risk there’s more inflation than people think, and that could be like a skunk at a party if that ever happens,” he said.
The war had increased gas prices a little bit, but if not prolonged, it would not be a major inflationary hit, Dimon said. However, if the war went on for a long time, it would be different, he said.
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