JPMorgan’s Dimon warns pace of Fed rate hikes could surprise

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JPMorgan’s Dimon warns pace of Fed rate hikes could surprise

JPMorgan Chase’s chief warned Thursday that markets have underestimated the chance the Federal Reserve will need to accelerate interest rate hikes. The Fed and other central banks “may have to take more drastic action than they currently anticipate — reacting to the markets, not guiding the markets,” JPMorgan chief executive Jamie Dimon said in an annual…

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