Cybersecurity

Jamie Dimon Says It’s Time for Fed to Raise Interest Rates

  • Policy makers need to maintain credibility, JPMorgan CEO says
  • Would ‘love to be president,’ but says path too difficult

JPMorgan CEO Jamie Dimon: It's Time to Raise Rates

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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the Federal Reserve should increase interest rates -- sooner, rather than later.

“Let’s just raise rates,” Dimon said Monday during a wide-ranging discussion at the Economic Club of Washington. “The Fed has to maintain credibility. I think it’s time to raise rates. Normality is a good thing, not a bad thing. The return to normal is a good thing.”