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JPMorgan CEO says 2022 could bring more than four rate hikes -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) Chief Executive Officer Jamie Dimon said on Monday the economy is generating so much inflation that the Federal Reserve might have to raise short-term interest rates more than four times this year.

CNBC’s Dimon stated that it was possible for inflation to be worse than many people believe. Personally, I would be shocked if there were only four rises this year. It would take the economy four to absorb.”

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