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Dimon Warns of Potential Treasury Market Disruption Forcing Fed Intervention
Dimon Warns of Potential Treasury Market Disruption Forcing Fed Intervention
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JPMorgan Chase CEO Jamie Dimon has warned of a potential disruption in the near $30 trillion U.S. Treasury market, which could force the Federal Reserve to step in, similar to its actions during the early days of the COVID-19 pandemic. Dimon made these comments during a Friday earnings call, stating that the disruption will be due to numerous rules and regulations, and that the Fed will only intervene when they start to panic a little bit. The comments come amidst rising bond yields and market volatility, exacerbated by trade tensions under the escalating U.S.-China trade war.
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