CNBC/Hugh Son/4-15-2023
“People need to be prepared for the potential of higher rates for longer. If and when that happens, it will undress problems in the economy for those who are too exposed to floating rates, for those who are too exposed to refi risk. Those exposures will be in multiple parts of the economy.” – Jamie Dimon, JP Morgan
USAGOLD note: Dimon pressures the Fed to come around on rates or prepare for more systemic risk……
