Dimon Says QE Unwind May Be More Disruptive Than You Think
- Fed, ECB, BoJ have bulked up balance sheets to $14 trillion
- Central banks ‘cannot make things certain that are uncertain’
Jamie Dimon, chief executive officer at JPMorgan Chase & Co., discusses risks associated with the unwinding of quantitative easing. Dimon spoke at a conference in Paris, France. (Source: Bloomberg)
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JPMorgan Chase & Co. Chairman Jamie Dimon said the unwinding of central bank bond-buying programs is an unprecedented challenge that may be more disruptive than people think.
“We’ve never have had QE like this before, we’ve never had unwinding like this before,” Dimon said at a conference in Paris Tuesday. “Obviously that should say something to you about the risk that might mean, because we’ve never lived with it before.”