JPMorgan CEO James Dimon has published his annual letter to shareholders, with a warning that has somewhat slipped under the radar
- One risk he is watching is the possibility that the reversal of quantitative easing by the world’s central banks may be different from what people expect
- “We have to deal with the possibility that at one point, the Federal Reserve and other central banks may have to take more drastic action than they currently anticipate-reacting to the markets, not guiding the markets”
- “A simple scenario under which this could happen is if inflation and wages grow more than people expect.”
Hmmmm, yes indeed that is a risk. Eyes have been on trade wars but the NFP later mught refocus us on economic developments.
ps. Dimon’s remarks from the Wall Street Journal report, may be gated:
Peace out JD!