JPMorgan’s Dimon Says Inflation ‘Might Not Go Away That Quickly’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said that people are over-reacting to short-term numbers “and they should stop doing that.”

“I’m afraid inflation might not go away that quickly,” Dimon said Tuesday in an interview on El Financiero Bloomberg TV. The Federal Reserve is right to pause hikes for now but “they might have to do a little bit more.”