JPMorgan CEO Dimon: Asset prices are quite high, and there is always a risk that the market will fall. The Federal Reserve will remain independent, but President Trump will speak his mind. We will have a credit-impacted recession, and the exact timing is unclear.
JPMorgan CEO Dimon: We are headed for a credit-impacted recession, and the exact timing is not clear.
Bernstein analysts were puzzled by U.S. President Donald Trump's announcement that he would add XRP, SOL, ADA, ETH, and BTC to the national cryptocurrency reserve, writing in a report on Monday that the move could be difficult to implement if it involves the Federal Reserve. Analyst Gautam China...