JPMorgan Chase CEO: The Fed may have to raise inte

JPMorgan CEO Jamie Dimon said on Wednesday that the Federal Reserve may have to continue to raise its benchmark interest rate in the coming months to combat persistent inflation. The Federal Reserve was late and ill-prepared when it began to raise interest rates. The rapid rate hikes in the past 18 months were just "catching up." Shortly after he spoke, the Fed announced its interest rate decision and decided to keep rates unchanged. “There’s a good chance they’re going to have to go higher than they are now,” Dimon said. “I’m talking four months, six months from now, inflation will be 4%, and because of a lot of The reasons are not going down. We have a very strong economy, but don't confuse today with tomorrow, other things are tomorrow and we'll see if and when they impact the current economy."