JPMorgan Chase CEO Jamie Dimon has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990. JPMorgan Chase CEO Jamie Dimon, pictured, has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990 The stark warning is at odds with most analysts' predictions that the Federal Reserve will …
The boss of JPMorgan has warned that the worst of the interest rate pain may still be ahead for businesses and families already scarred by an historic round of hikes. JPMorgan chief Jamie Dimon said that the Fed was forced to hold on another hike at its latest meeting because the effect of a jump to 5 to 7 percent …