Jamie Dimon says Congress shouldn't play games with the creditworthiness of the U.S. government
Publishing timestamp: 2023-01-19 10:13:55
Summary
JPMorgan Chase CEO Jamie Dimon said that politicians should take the debt ceiling seriously and not play games with it. He said that a U.S. debt default would cause irreparable harm to the U.S. economy and global financial stability. He also said that inflation will likely remain elevated, forcing the Federal Reserve to raise interest rates higher than 5%.
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