Fed should be patient on next move, JP Morgan’s Dimon says

The U.S. Federal Reserve should exercise patience with its next interest rate move to account for the chance of inflation rising again in a turbulent world, JP Morgan Chase (JPM.N), opens new tab CEO Jamie Dimon said in a media interview published on Wednesday.

“Inflation is moving in the right direction. But it would be good if the Fed waited now,” Dimon told Switzerland’s NZZ newspaper.

“I think there are a lot of reasons why inflation could rise again in the future: increasing government spending, the re-militarization of the world, the extraordinary investments in the green economy, the restructuring of trade,” he added.