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Jamie Dimon Advocates for Patience on Interest Rate Cuts Amid Economic Uncertainty

JPMorgan CEO Jamie Dimon emphasizes the need for the Federal Reserve to delay interest rate cuts, citing potential economic risks and the importance of data-driven decisions.

  • Jamie Dimon defends the right to buy Bitcoin but personally opposes it, comparing it to smoking a cigarette.
  • Dimon suggests the Federal Reserve should wait past June before considering interest rate cuts, to ensure inflation is under control.
  • Despite a strong U.S. economy, Dimon warns of a 65% chance of recession within the next two years.
  • Bitcoin's price reaches a new all-time high, surpassing $72,000, amid market speculation.
  • Dimon highlights the possibility of stagflation as the worst-case scenario, urging caution in monetary policy decisions.
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