JPMorgan CEO Jamie Dimon stated that the US Federal Reserve is unlikely to cut interest rates unless inflation decreases significantly. He observed that inflation remains around 3%, making further rate cuts difficult. While the market anticipates multiple rate cuts over the next year, Dimon's outlook suggests a more cautious approach, emphasizing the need for economic growth rather than cuts resulting from a recession. Dimon also addressed stablecoins, expressing that he is 'not particularly worried' about their impact on the banking sector, although he acknowledged the need for banks to remain informed about them. He suggested a potential consortium among banks for a stablecoin project, reflecting on the growing interest from individuals wanting to hold dollars outside the banking system. However, he indicated uncertainty about the necessity of central banks using these tokens, suggesting their development would unfold gradually.

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