Davos 2023: CEO of JP Morgan Chase, Jamie Dimon claimed that the interest rates could go higher, probably more than 5%, than what has been projected by the Federal Reserve as a result of rising inflation.

Dimon made the statement while talking on CNBC’s show Squawk Box at the World Economic Forum being held in Davos, Switzerland.

“I actually think rates are probably going to go higher than 5% because I think there’s a lot of underlying inflation, which won’t go away so quick.”

(By Shourya Jha)