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Jamie Dimon reveals JPMorgan is already preparing for the possibility of zero-percent interest rates in the US (JPM)

Jamie Dimon reveals JPMorgan is already preparing for the possibility of zero-percent interest rates in the US (JPM)
Getty/Mark Wilson



JPMorgan Chase is preparing for the risk of zero-percent interest rates in the US, CEO Jamie Dimon said at a New York conference Tuesday.




The executive noted certain businesses are more affected by neutral or negative rates than others, saying banks can cut costs and boost fees to address tightening margins.




Dimon admitted the recent drop in US interest rates surprised him. He predicted in 2018 that rates would rise.




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JPMorgan Chase is preparing for the risk of zero-percent interest rates in the US, according to Jamie Dimon, despite his doubt of rates ever falling so low.
The bank's CEO said at a New York conference Tuesday that the recent spell of falling rates surprised him.
"I don't think we'll have zero rates in the US, but we're thinking about how to be prepared for it, just in the normal course of risk management," Dimon said. "Obviously, you've got to worry about the long term effect of those interest rates."
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