JPMorgan's Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.

Jamie Dimon , President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024.

Dimon joined many economists in sounding the alarm on the U.S.' burgeoning debt and deficits. The federal government has so far spent $855 billion more than it has collected in the 2024 fiscal year. For fiscal 2023, the government's deficit spending came in at $1.7 trillion.Warren Buffett on his unwavering faith in the country — 'Never bet against America.'

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