{"id":89193,"date":"2025-09-23T16:31:44","date_gmt":"2025-09-23T13:31:44","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89193"},"modified":"2025-09-23T16:36:07","modified_gmt":"2025-09-23T13:36:07","slug":"jpmorgan-chief-questions-imminent-fed-rate-cut-and-praises-stablecoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/jpmorgan-chief-questions-imminent-fed-rate-cut-and-praises-stablecoins\/","title":{"rendered":"JPMorgan Chief Questions Imminent Fed Rate Cut and Praises Stablecoins"},"content":{"rendered":"<p>JPMorgan CEO Jamie Dimon remarked that the <span data-descr=\"Federal Reserve System of the United States\" class=\"old_tooltip\">Fed<\/span> is unlikely to lower the <a href=\"https:\/\/forklog.com\/en\/news\/how-the-feds-policy-rate-affects-cryptocurrency-prices\">key rate<\/a> without a significant slowdown in inflation. He also spoke positively about <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>.<\/p>\n<p><!--more--><\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/KaReGjD3s-E?si=dLuUJlMswOpjidI3\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf inflation does not disappear, it will be difficult for the Fed to lower rates further,\u201d shared the thoughts of the top manager of the largest US bank.<\/p>\n<\/blockquote>\n<p>According to him, inflation is \u201cstuck\u201d at around 3%. Dimon added that he sees more factors for the indicator to rise rather than fall.<\/p>\n<p>Nevertheless, the expert expressed hope for sustained economic growth and a softening of monetary policy\u2014not as a forced measure by the regulator in a recession, but as a natural step amid positive dynamics.<\/p>\n<h2 class=\"wp-block-heading\">The Market Disagrees<\/h2>\n<p>On September 17, the Fed <a href=\"https:\/\/forklog.com\/en\/news\/fed-cuts-key-rate-bitcoin-holds-at-117000\">lowered<\/a> the key rate by 0.25% to 4-4.25% for the first time since December 2024. The outcome of the meeting matched investors&#8217; expectations. <\/p>\n<p>Market participants predict two more 25 basis point rate cuts\u2014at the end of October and early December.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"605\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ad7a5934053a6891-5026688261174988-1024x605.png\" alt=\"FED_Watch\" class=\"wp-image-266223\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ad7a5934053a6891-5026688261174988-1024x605.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/img-ad7a5934053a6891-5026688261174988-300x177.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/img-ad7a5934053a6891-5026688261174988-768x454.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/img-ad7a5934053a6891-5026688261174988.png 1229w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Probability of a 25 basis point Fed rate cut following the October 29 meeting. Data: <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">FedWatch<\/a>.<\/figcaption><\/figure>\n<p>The \u201ccheap money\u201d policy often supports cryptocurrencies\u2014accessible credit increases investors&#8217; willingness to take risks. Bitcoin reacted rather cautiously to the latest rate change, but many altcoins <a href=\"https:\/\/forklog.com\/en\/news\/fed-rate-cut-boosts-altcoins\">showed significant growth<\/a>. <\/p>\n<p><a href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/fomcprojtabl20250917.pdf\">Fed forecasts<\/a> suggest two rate cuts in the coming months and another in 2026.<\/p>\n<p>Inflation in the US rose by 0.4% in August and <a href=\"https:\/\/www.theguardian.com\/business\/2025\/sep\/11\/us-inflation-august-trump-tariffs\">reached 2.9%<\/a> year-on-year, thus exceeding the target level of 2%.<\/p>\n<h2 class=\"wp-block-heading\">Stablecoins Pose No Threat<\/h2>\n<p>Dimon specifically addressed the topic of \u201cstablecoins,\u201d whose relevance has significantly increased after Congress <a href=\"https:\/\/forklog.com\/en\/news\/us-house-passes-three-cryptocurrency-bills\">approved<\/a> three cryptocurrency bills in July.<\/p>\n<p>According to the head of JPMorgan, financial institutions have no reason for serious concerns. However, he emphasized that banks and other market participants should closely monitor the development of these assets and \u201cunderstand their features.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThere will be people who want to hold dollars through stablecoins outside the US\u2014from bad guys to good guys and to individual countries. It is probably better to keep dollars there than to place them in the banking system,\u201d he said.<\/p>\n<\/blockquote>\n<p>The financier stressed that JPMorgan works with \u201cstablecoins,\u201d and banks are discussing the possibility of creating a consortium to issue their own token.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI am not sure that central banks need to use this [for settlements] among themselves. However, over time it will develop,\u201d concluded Dimon.<\/p>\n<\/blockquote>\n<p>Earlier, JPMorgan experts <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-identifies-stablecoin-race-dilemma\">described<\/a> the anticipated \u201cstablecoin race\u201d in the US as a zero-sum game.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan CEO Jamie Dimon remarked that the Fed is unlikely to lower the key rate without a significant slowdown in inflation. He also spoke positively about stablecoins.<\/p>\n","protected":false},"author":1,"featured_media":89194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"JPMorgan CEO doubts Fed rate cut, praises stablecoins.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1249,1283,229],"class_list":["post-89193","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-federal-reserve-system","tag-jamie-dimon","tag-jpmorgan"],"aioseo_notices":[],"amp_enabled":true,"views":"141","promo_type":"1","layout_type":"1","short_excerpt":"JPMorgan CEO doubts Fed rate cut, praises stablecoins.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89193"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89193\/revisions"}],"predecessor-version":[{"id":89195,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89193\/revisions\/89195"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89194"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}