JPMorgan CEO: Difficult to Cut Interest Rates Before Inflation Drops, Not Concerned About Stablecoin Threat

ChainCatcher reported that JPMorgan CEO Jamie Dimon stated on Monday that it would be difficult for the Federal Reserve to further cut interest rates if the inflation rate remains at 3%. He believes that inflation still faces upward risks and that the market may be overly optimistic about expectations for multiple rate cuts.

Regarding the topic of stablecoins, Dimon said he is "not particularly concerned," but emphasized that the banking industry needs to closely monitor and understand this sector. He also revealed that JPMorgan is considering forming an alliance with other banks to issue stablecoins.