JPMorgan Chase CEO Jamie Dimon reportedly said Friday (May 30) that after excessive spending by the U.S. government and quantitative easing by the Federal Reserve, a crack in the bond market is “going to happen.”
Speaking at the Reagan National Economic Forum, Dimon said, per a Bloomberg report, “I just don’t know if it’s going to be a crisis in six months or six years, and I’m hoping that we change both the trajectory of the debt and the ability of market makers to make markets.”
Dimon added that a crack in the bond market may be what it takes to “wake us up,” according to the report.
The report said that U.S. treasuries are headed for their first monthly loss this year and that concerns about the country’s budget deficit increased amid lawmakers’ debates over the tax bill.
Dimon said May 19 that the markets have not accounted for the risks of inflation, stagflation, credit spreads tariffs…
