JPMorgan Chase CEO Jamie Dimon warned about the Fed Reserve’s economic forecast at a conference in Saudi Arabia, calling Fed regulators “100% dead wrong” on their track record over the past 18 months. Tim Urbanowicz, Innovator Capital Management ETF Head of Research, reacts to Dimon’s comments on future interest rate hikes and how rates could be influencing Treasury yields.
“There’s a very strong case right now that interest rates are restrictive,” Urbanowicz tells Yahoo Finance. “We’re at this point where we need to wait and see what the damage looks like with those hikes, but I think [Dimon is] exactly right in that it’s really about how long rates stay at this level.”
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