Jamie Dimon thinks the market may be underestimating how many times the Federal Reserve will hike interest rates next year.
Fed Fund futures prices, which allow traders to speculate on Fed policy moves, currently imply around for rate hikes this year, with nearly a 30 percent chance of a fifth rate hike. Dimon, speaking to analysts in a conference call to discuss J.P. Morgan Chase’s fourth-quarter results, warned there could be even more.
“My view is a pretty good chance there’ll be more than 4. It could be 6 or 7,” Dimon said.
Dimon has been chief executive of J.P. Morgan Chase, the largest U.S. bank by assets and by deposits, since 2006. He has been chairman of the bank’s board of directors since 2007.
Dimon said the strength of U.S. consumers and businesses meant that the economy could withstand more hikes. What’s more, wage pressures are likely to keep up inflation, according to Dimon.
“I would expect that because almost every CEO is talking about wages and certain inflation and stuff like that,” Dimon said. “Please don’t say I’m complaining about wages. I think wages going up is a good thing for the people who have the wages going up. And businesses simply have to deal with changes in prices. So, if you — commodity prices go up and down, mozzarella goes up and down, wages go up and down. They shouldn’t be cry babies about it. They just deal with it.”
New York Governor Blames ‘Illegal Gun’ in Fatal Shooting of NYPD Officer
New York Gov. Kathy Hochul (D) blamed an “illegal gun” in the fatal shooting of NYPD officer Jason Rivera on Friday night.
Rivera, 22, was shot and killed and a second officer, Wilbert More, 27, was shot and wounded, Breitbart News reported.
The shooting suspect, Lashawn McNeil, 47, opened fire on Rivera and More as they approached him in a long hallway, CBS New York noted. McNeill was then shot twice by a third officer.
On Saturday, Hochul tweeted, “Last night, a shot from an illegal gun took the life of a NYPD officer.”
Last night, a shot from an illegal gun took the life of a @NYPDnews officer.
When I say we’re going to do everything we can to stop the scourge of illegal guns in our state, it’s not just talk. We are tripling funding for efforts to get these guns off the streets. pic.twitter.com/zXv0xbL4Em
— Kathy Hochul (@GovKathyHochul) January 22, 2022
“When I say we’re going to do everything we can to stop the scourge of illegal guns in our state, it’s not just talk. We are tripling funding for efforts to get these guns off the streets,” Hochul added.
New York Mayor Eric Adams (D) responded to the shooting death of Rivera by calling for more gun control, Breitbart News reported.
New York has some of the most stringent gun controls in the country. Mike Bloomberg-affiliated Everytown for Gun Safety ranks New York No. 3 in the nation “for gun law strength.”
Those laws include everything the Democrats are pushing at the federal level under the guise of safety, including universal background checks, a “high capacity” magazine ban, an “assault weapons” ban, a permit requirement to buy a handgun, a red flag law, gun storage requirements, “ghost gun” regulations, and a prohibition against gun possession by felons, among other controls.
McNeil, the man who allegedly shot the NYPD officers Friday night, is a convicted felon.
AWR Hawkins is an award-winning Second Amendment columnist for Breitbart News and the writer/curator of Down Range with AWR Hawkins, a weekly newsletter focused on all things Second Amendment, also for Breitbart News. He is the political analyst for Armed American Radio. Follow him on Twitter: @AWRHawkins. Reach him at firstname.lastname@example.org. You can sign up to get Down Range at breitbart.com/downrange.
Gingrich: January 6 Committee, AG Garland ‘Lynch Mob’ ‘Face a Real Risk of Jail for the Kind of Laws They Are Breaking’
Former House Speaker Newt Gingrich sees alleged abuses by the House Select Committee and the Department of Justice investigating the January 6, 2021 riot at the U.S. Capitol as having consequences.
During an appearance on FNC’s “Sunday Morning Futures,” Gingrich suggested those who he said were misusing and abusing the process could “face a real risk of jail” for the laws they had broken during the so-called investigation.
“Well, you have, both with Attorney General Garland and with this select committee on January 6, people who have run amok,” he said. “They are breaking the rules. They are going after people in a way which is reminiscent of the British monarchy using closed-door systems that we outlawed deliberately because we’d seen it. We knew what it was like. And they’re running over people’s civil liberties. And what they need to understand is, on January 4 next year, you’re going to have a Republican majority in the House and a Republican majority in the Senate.”
“And all these people who’ve been so tough and so mean and so nasty are going to be delivered subpoenas for every document, every conversation, every tweet, every email, because I think it’s clear that this — these are people who are literally just running over the law, pursuing innocent people, causing them to spend thousands and thousands of dollars in legal fees, for no justification,” Gingrich continued. “And it’s basically a lynch mob.”
“Unfortunately, the attorney general of the United States has joined that lynch mob and is totally misusing the FBI,” he added. “And I think, when you have a Republican Congress, this is all going to come crashing down, and the wolves are going to find out that they’re now sheep. And they’re the ones who are, in fact, going to, I think, face a real risk of jail for the kind of laws they are breaking.”
Follow Jeff Poor on Twitter @jeff_poor
CBS Host Stunned NOT ONE Participant in Face the Nation’s Focus Group Believes America is in a Better Place After One Year of Joe Biden (VIDEO)
After Joe Biden’s first year in office, NOT ONE participant in Face the Nation’s focus group believes America is in a better place.
CBS host Margaret Brennan was stunned when the entire panel of six participants, including Biden voters, said America is on the wrong path.
“During the course of the pandemic, “Face the Nation” has been listening to Americans, through Zoom, to get their thoughts on COVID, the economy and how the government is handling it all. On Friday, we checked back in with six of them,” host Margaret Brennan said.
“Who feels like we are in a better place now than we were a year ago?” Brennan asked the panel of six participants.
Every participant said no.
Margaret Brennan was stunned: “No one believes we are in a better spot?”
“I just don’t understand. I thought this is going to be a president for the people of the people,” said Beth, an Independent voter.
Even the Biden voters on the panel blasted Joe Biden.
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