Published Aug 18, 2026, 7:09 PM ET · Updated 3 months ago · 1 source

Federal Reserve may raise interest rates to 7%, unprepared world

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Original Report

Jamie Dimon, CEO of JPMorgan, suggests that the Federal Reserve might raise interest rates to 7%, which would be significantly higher than most analysts' and the Fed's own forecasts and the highest federal funds rate since December 1990, and he emphasizes that the world is unprepared for such a scenario.