The 2% inflation target is too rigid and the Fed should cut rates, some say

Federal Reserve Chairman Jerome Powell speaks at a press conference.

Two percent inflation is more than just the Federal Reserve’s target, one could argue, as it works to combat the pandemic-related price increases that have plagued American households for the past three years. It is the holy grail of the Russian Federation. Her Lodestar. Her mantra. Lately, however, the 2% target feels more like the … Read more

Jamie Dimon shocks Wall Street, hinting he’ll retire in the next five years and reciting a list of red flags for the global economy

Jamie Dimon shocks Wall Street, hinting he'll retire in the next five years and reciting a list of red flags for the global economy

Jamie Dimon got all the attention of Wall Street on Monday. In a series of public comments made at JPMorgan Chase’s investor day, Dimon painted a gloomy picture of the global economy and hinted that his retirement is closer than many had predicted. During his speech, a worried Dimon issued a list of red flags … Read more