JP Morgan CEO Dimon said Fed "lost a little bit of control of inflation”

<p>JPMorgan Chase CEO Jamie Dimon spoke on Thursday in an interview with CNBC. Greg had the headline comments here:</p><ul><li><a href="https://ift.tt/fP1yq6c" rel="follow" target="_self" class="article-link vertical-align-baseline">JPMorganChase CEO Jamie Dimon: US economy is doing quite well</a></li></ul><p>Dimon said that:</p><ul><li>“I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation”</li></ul><p>I think we all recall the denials on inflation, over and over again. "Transitory" was parroted ad nauseum:</p><p>The Fed wasn't alone in this of course. </p><p>The link to the CNBC report on the interview with Dimon is here if you'd like more:</p><ul><li><a href="https://ift.tt/7Dwu8nY" target="_blank" rel="nofollow">said he expects that interest rates could “possibly” remain higher for longer</a></li></ul> This article was written by Eamonn Sheridan at www.forexlive.com.

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