The main economist of SMBC who discusses politics on ‘Money Making Money’ behind Lavorgna Moody’s Cutting America’s credit rating.
JP Morgan Chase CEO Jamie Dimon On Monday, financial regulators have been criticized for reducing the rules that are increasing costs for borrowers who buy a house that he says they are unnecessary.
Dimon was speaking on JP Morgan Chase’s annual investor Day, which was virtually held, and discussed their frustration with hostage borrowing rules that increase the cost and make the owner of the house less cheap for low -income buyers.
“I have repeatedly mentioned, Cost of mortgage He said that due to such rules, there are 50 or 75 basis points, which have no benefit for safety and sound, “he said.
Jamie Dimon, CEO of JP Morgan Chase, said on the company’s investor day that the regulator cost is contributing to high mortgage rates. Source: (JP Morgan Chase)
“And you know who hurts the most? The lower-oriented Americans, this is that it causes the most damage-a small house buying people, their first starter house, and I think they should fix it,” Diman said.
He said that it is “a great disappointment that we have not met to do so in the last 10 years.”
Dimon also discussed him Consider the overall economy, Expressing concern about the possibility of stability – the duration of elevated inflation combined with slow growth in the labor market and potential weakness.
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He said, “I think for a bank and most of the companies, which is basically a recession with inflation,” he said, saying, saying that the possibility of decreasing is almost two times what the market expects.
Jamie Dimon, CEO of JP Morgan Chase, also discussed his views on the overall economy, which expressed concern about the possibility of stagfation. (Al Drago / Bloomberg Getty Image / Getty Image)
For a long time, the CEO of JP Morgan Chase also weighed the time that he sees as a decency from central banks and the markets gave budget deficit and tariffs.
He said, “We have a huge shortage; we have what I consider almost decent central banks. You all think they can manage all this. I don’t think they can,” he said.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JP Morgan Chase & Company. | 264.88 | -2.68 |
-1.00% |
Dimon stated that Tariff has posed a lot of risk in the economy due to their influence on trade, saying that they feel that the market is complicated about those risks and ability to grow slow and consumer prices for the economy.
“My own thoughts feel very good because you have not seen effective tariffs,” Dimon said. , The market came down 10%. It is back 10%. I think this is an extraordinary sign. ,
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“When I have added all these things, which are on the edge of the extreme, I don’t think we can predict the result, and I think the possibility and stability of inflation is slightly higher than others,” he said. “There are a lot of things, and I think you are going to see the effect.”
“Even at these low levels, if they live today, (they) are very extreme tariffs. And you don’t even know how every country is going to react,” Diman said.
