Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing

JPMorgan CEO Jamie Dimon warned in a Bloomberg TV interview that inflation might persist longer and at higher levels than anticipated, expressing skepticism about the market's optimism for a soft landing. He highlighted factors like the green-energy transition and geopolitical tensions as potential drivers of sustained inflation. Despite a recent surge in investor optimism, Dimon remains cautious, advocating for realistic expectations regarding interest rates and economic conditions.