JPMorgan Chase Is Preparing for Inflationary Risks: Here's How You Can Prepare Your Portfolio
Jamie Dimon, CEO of JPMorgan Chase (NYSE: JPM), told investors recently that the bank has been "stockpiling cash" to prepare for a potentially inflationary environment. The nation's largest bank is currently sitting on $500 billion in cash, which it's prepared to deploy if interest rates tick up higher. Here's what this means for JPMorgan and, more importantly, what you can do to prepare your own portfolio for inflation.
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Dimon said that we need a better rate structure that reflects the inflation he believes is coming. He also mentioned that JPMorgan Chase will "look to protect the fat tails," which are simply extreme risks that exist outside of the norm.
Source Fool.com
