JPMorgan Chase CEO Jamie Dimon: The Federal Reserve and the government have gone too far, and the bond market will eventually show cracks
JPMorgan Chase CEO Jamie Dimon warned that the U.S. government and the Federal Reserve have "overdone" spending and quantitative easing, and that the bond market will "eventually show" cracks. "I don't know whether this situation will evolve into a crisis in six months or six years, but I hope we can change the trajectory of debt and the ability of market makers to facilitate trades," Dimon said on Friday at the Reagan National Economic Forum. "Unfortunately, perhaps it really takes a shock to wake us up."
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