Jamie Dimon Is Very Concerned About This Fed Policy
At JPMorgan Chase's (NYSE: JPM) recent investor day, CEO Jamie Dimon provided a lot of insight into how he felt about the banking industry and the economy. One thing Dimon is very concerned about right now is the Federal Reserve's ongoing efforts to shrink its balance sheet in a process known as quantitative tightening (QT).
In fact, Dimon said he thinks he's more concerned about QT than most. Here's why.
Quantitative easing (QE) and QT are monetary policy tools the Fed can use to influence liquidity in the economy and longer-term interest rates. In QE, the Fed will buy U.S. Treasury bills and mortgage-backed securities, which effectively pumps money into the economy.
Source Fool.com
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