JPMorgan Chase & Co. (JPM) CEO Jamie Dimon is predicting that the Federal Reserve will not raise short-term interest rates later this afternoon.
Dimon made the comments during an on-stage interview at the Detroit Economic Club, moderated by NBC News political director Chuck Todd. According to tweets from those in the audience, Dimon said that ensuring economic strength is more important than changing interest rates, although he added that the U.S. economy currently is sturdy enough to survive a rate hike.
Yesterday, Dimon authored a Wall Street Journalopinion piece about how Detroit’s burgeoning economic revival — spurred by political compromise — could be instructive for the nation as a whole