HALISTER: JPMorgan’s Frenkel Says Fed Hike Delay Has Negative Implications

JPMorgan’s Frenkel Says Fed Hike Delay Has Negative Implications

(Bloomberg) -- JPMorgan Chase International Chairman Jacob Frenkel said the Fed would “miss the boat” if it waits for inflation to reach 2% before raising rates.
  • Frenkel spoke in Bloomberg TV interview with Kathleen Hays in Tokyo
  • Strength of U.S. economy justifies rate increase
  • Delay would have implications for financial markets, is “not costless” and could hamper growth rather than promoting it
  • Deep financial crisis was good rationale for keeping rates so low for a long time
  • Europe, Japan not yet ready for normalization of monetary policy

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
JPM US (JPMorgan Chase & Co)

People
Jacob A Frenkel (JPMorgan Chase & Co)
Thomas Jacob (JPMorgan Chase Bank)

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