Trump's Treasury Secretary nominee: The Federal Reserve should be patient with interest rate cuts

ChainCatcher news, JPMorgan CEO Jamie Dimon stated that the Federal Reserve should remain patient during its next interest rate adjustment to consider the possibility of inflation rising again in a turbulent world. "Inflation is moving in the right direction. But it would be better if the Fed waits a little longer," Dimon said.

He stated, "I believe there are many reasons why inflation may rise again in the future: increased government spending, the re-militarization of the world, significant investments in the green economy, and adjustments in trade structures." At the Fed's July meeting, policymakers are expected to maintain the interest rate at 5.25---5.5%, but given the new progress in alleviating price pressures, including an unexpected drop in inflation in June, they may set a timeline for rate cuts. U.S. presidential candidate Trump previously stated that if elected president, he would consider inviting Dimon to serve as Treasury Secretary. (Jin Shi)