The US economy will grow at the strongest pace in decades, probably at the best rate since the Great Depression, even as the Federal Reserve will raise rates more than the markets expect. This is what Jamie Dimon, number one of JP Morgan said in an interview with Cnbc, on the occasion of the 40th healthcare conference inaugurated by the US banking giant, the 40th Annual JP Morgan Healthcare Conference. Goldman Sachs economists have announced that they are expecting four monetary tightenings from the Fed: and the CEO and chairman of JP Morgan commented that he would be surprised if the Fed did not proceed to an even greater number of rate hikes over the course of 2022. .
“It is possible that inflation is worse than expected and that (the Fed) therefore raises rates more than expected – said Dimon – Personally, I would be surprised if there were only four rate hikes”.