There’s A ‘Very Good Chance’ Inflation Is Here To Stay After Rising 5% To Highest Level In 13 Years
By EMILY CRANE
JPMorgan’s longtime CEO Jamie Dimon says America’s largest bank is currently ‘stockpiling’ cash because there’s a ‘very good chance’ inflation is here to stay after being driven to its highest level in 13 years.
Dimon said on Monday that JPMorgan is not buying Treasuries or other investments because of the risk that surging inflation will see the Federal Reserve increase interest rates.
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