(Photo by Win McNamee/Getty Images)JPMorgan CEO Jamie Dimon on Tuesday urged the Federal Reserve to wait past June before cutting interest rates, arguing the central bank needs to shore up its inflation-fighting credibility.
If I were them, I would wait," Dimon said at the Australian Financial Review business summit via a livestream from New York.
I would even wait past June and let it all sort it out."
Long a critic of bitcoin, Dimon said a lot of the practical uses for the cryptocurrency were illegal activity like sex trafficking, fraud and terrorism.
Dimon also weighed in on artificial intelligence and said JPMorgan had two thousand people working on 400 use cases for the technology at the bank.
Persons:
Jamie Dimon, JPMorgan Chase, Win McNamee, Dimon, Long, bitcoin
Organizations:
JPMorgan, Wall, Federal Reserve, Australian Financial
Locations:
Hart, Washington ,, New York, U.S, Ukraine, Gaza