JPMorgan Chase Chairman and CEO Jamie Dimon said recent bond selloffs serve as a warning to governments, cautioning that inflation may prove sticky and rates could continue to rise. Speaking in an interview with Tom Mackenzie on "Bloomberg Open Interest," Dimon said governments cannot borrow and spend endlessly, noting that U.S. debt has grown from 50% of GDP to 100%. He said the market will eventually demand more, feeding into corporate debt and credit spreads, and that the best approach is to address such risks before they become a crisis. Dimon said JPMorgan is prepared for a wide range of outcomes, including wider credit spreads and higher rates, so it can keep serving clients through thick and thin.
JPMorgan Chase & CoDimon warns sticky inflation could push rates higher, a macro-rate view that JPMorgan says it is prepared for across outcomes.
