JPMorgan Chase CEO Dimon: A 50 basis point rate cut by the Fed may be the right choice

Odaily News JPMorgan Chase CEO Jamie Dimon is cautious about whether the U.S. economy will achieve a soft landing and said the Fed's rate cut is the right thing to do. He said: "A 50 basis point rate cut may be the right choice. But Dimon expressed doubts 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. Market pricing suggests that everything will be fine. Let me be on the side of caution." (Jinshi)