Kevin Dietsch
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon on Thursday said “so far so good” on how U.S. President Donald Trump’s global trade moves are playing out.
What started in April with heightened uncertainty, Dimon noted the world has since had time to process tariffs, which are now “more moderate and thoughtful and more carefully done,” he said in an interview with CNBC.
Earlier on Thursday, the Wall Street Journal reported that Dimon has started talking with Trump after years of chilly relations between the two. Last week, the two discussed the economy, trade and financial regulation.
On monetary policy, Dimon told CNBC the Federal Reserve should approach interest-rate decisions with a gradual and careful approach framework.
He warned that financial markets might be underestimating potential upside risks to inflation and overestimating the chances of rate reductions.
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