JPMorgan CEO says too early to celebrate win against inflation as Fed may hike rates

JPMorgan CEO says too early to celebrate win against inflation as Fed may hike rates

Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Mike Blake

The chief executive of JPMorgan Chase & Co, the biggest U.S. bank, cautioned against declaring victory against inflation too early, warning the Federal Reserve could raise interest rates above the 5% mark if higher prices ended up “sticky.”

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