(CNBC) Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy Treasuries or other investments because of the possibility higher inflation will force the Federal Reserve to boost interest rates, Dimon said Monday during a conference.
Jamie Dimon says JPMorgan is hoarding cash because ‘very good chance’ inflation is here to stay
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