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JPMorgan CEO Jamie Dimon tells Fox Business US debt could cause bond turmoil

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JPMorgan Chase CEO Jamie Dimon said on Monday that the rising U.S. national debt is a "big deal" that could create a "tough time" for the bond market that causes spreads to widen, he told Fox Business' "Mornings with Maria" program.
In an interview with Fox Business, JPMorgan CEO Jamie Dimon expressed concerns about the U.S. debt potentially causing turmoil in the bond market. He highlighted the significant increase in U.S. debt over the past two decades, from $10 trillion to $32 trillion, and warned that this could lead to higher interest rates and increased market volatility. Dimon emphasized the need for the U.S. government to address the issue, suggesting that failure to do so could result in severe economic consequences. He also mentioned the possibility of the Federal Reserve needing to intervene to stabilize the market, underscoring the gravity of the situation.

Read the Full Reuters Article at:
[ https://www.msn.com/en-ca/money/topstories/jpmorgan-ceo-jamie-dimon-tells-fox-business-us-debt-could-cause-bond-turmoil/ar-AA1FVGfA ]