JPMorgan CEO Jamie Dimon Criticizes Central Banks for Erroneous Economic Forecasts

Dimon Warns of Unreliable Central Bank Predictions, Downplays Impact of Rate Hikes, and Highlights 'Omnipotent Feeling' Among Governments Amid Uncertain Economic Outlook

JPMorgan CEO Jamie Dimon criticizes central banks for being '100% dead wrong' on their economic forecasts 18 months ago, warning against the reliability of such predictions.
Dimon downplays the impact of future rate hikes, stating it makes no difference whether rates go up 25 basis points or more.
Despite 10 rate hikes by the Federal Reserve in an aggressive inflation-addressing campaign, inflation is still well above the bank's 2% target.
Dimon criticizes the 'omnipotent feeling' among governments and central banks that they can manage any eventuality, calling for humility in forecasting and caution moving forward.
Speaking on the potential worldly impacts of the war in Ukraine and other geopolitical tensions, Dimon warns that this could be the most dangerous time the world has seen in decades.