Jamie Dimon Quotes

We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy.

It is more important what the jobs report shows in December and January -- that will affect how many rate hikes we'll have this spring.

[That is] hard to predict, [it] could be either September or December [2016] I personally think the sooner the better because that would be a good sign that the Fed believes the economy is significantly stronger.

Our focus is on ensuring America has the strongest economy in the world for the next 100 years and to do that, we need to get to the role of the Federal Reserve and we need to get it right.

The Federal Reserve is not currently forecasting a recession.

I think what the Fed fears is that, if Donald Trump gets big tax cuts and big spending increases that take effect right now, when the economy is close to full employment, they will have to raise rates more rapidly.

This bill, the Sound Dollar Act, is all about looking forward about the role the Fed should play.

When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.

They flooded liquidity in the marketplace but the mortgage rate is based much more on expectations of inflation. So if the average investor believes that there is inflation coming, they'll move that rate up.

It has been said that the Fed's job is to take the punch bowl away just as the party gets going, raising interest rates when the economy is growing too fast and inflation threatens.

There are two things that can disrupt the American economy. One is a war. The other is a meeting of The Federal Reserve Board.

President-elect Trump is inheriting a relatively strong economy, and markets are pricing in faster growth under his watch.

It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.

The strength of the dollar has historically been tied to the strength of the U.S. economy and the faith that investors have in doing business in America.

Even when [Federal Reserve Chairman Ben] Bernanke said the recession was over ... you think that would have been a bigger boom somewhere, but it seems we just take everything in stride.

I think it will get moving faster. I mean once you get it off the - once credit flows - now the recession is going to get worse.

We have weakened our economy in America. We need a strong economy.

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

I think the role of the Federal Reserve is enormously exaggerated.

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.

Stronger productivity growth would tend to raise the average level of interest rates and, therefore, would provide the Federal Reserve with greater scope to ease monetary policy in the event of a recession.

If we were to raise interest rates too steeply, and we were to trigger a downturn or contribute to a downturn, we have limited scope for responding, and it is an important reason for caution.

Clearly, for capitalism to work properly we must expect some upward normalisation of interest rates at some future point, to provide greater incentive for savers to save and investors to invest.

I believe that the history of Fed policymaking is that, you know, there are times when we need to raise rates.

The Fed's job is not to stall growth or to prevent economic 'overheating.' It is to keep prices stable and the dollar a strong and reliable currency.