JPMorgan CEO: A 50 basis point rate cut by the Federal Reserve may be the right choice

ChainCatcher news, according to Jinshi reports, JPMorgan CEO Jamie Dimon is cautious about whether the U.S. economy will achieve a soft landing and stated that the Fed's interest rate cut is the right move.

He said, "A 50 basis point cut may be the right choice. But Dimon expressed skepticism about the U.S. economy and its market pricing, saying, 'I am a long-term optimist, but in the short term, I am more skeptical of those who say everything will be fine. The market pricing suggests everything will be fine. Let me take a cautious stance.'"