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JPMorgan’s CEO Jamie Dimon says his bank is stockpiling cash

JPMorgan's longtime CEO Jamie Dimon said on Monday that he expects higher rates and further inflation but his bank is prepared for it because they've been stockpiling cash. Bloomberg via Getty Images

There’s A ‘Very Good Chance’ Inflation Is Here To Stay After Rising 5% To Highest Level In 13 Years



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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