JPMorgan Card Chargeoffs Rise as Dimon Warns on Inflation

Consumers are still spending, but JPMorgan CEO Jamie Dimon, in remarks accompanying the banking giant’s latest earnings Friday (April 12), detailed concerns over inflation’s impact.And “persistent inflation pressures,” as he termed them, among other factors, will be unpredictable.As Dimon stated in the earnings release, “we have never truly experienced the full effect of quantitative tightening on this scale. We do not know how these factors will play out, but we must prepare the firm for a wide range of po ...