There really seems to be some inconsistency here. If what Jeff Snyder is saying is true, there’s a clear disconnect between what Jamie Dimon is saying and what his bank is actually doing. In economics, actions often speak louder than words.
If you're warning about high inflation but your bank is buying bonds .. which usually lose value during inflation .. then it seems like you don’t truly expect inflation to rise. It might be political messaging, or perhaps an attempt to influence public perception to gain a market advantage.
To me, it feels like they're trying to control the narrative. This is why independent voices like Jeff Snyder are important .. to challenge whatever message the big institutions are trying to push.
There really seems to be some inconsistency here.
If what Jeff Snyder is saying is true, there’s a clear disconnect between what Jamie Dimon is saying and what his bank is actually doing. In economics, actions often speak louder than words.
If you're warning about high inflation but your bank is buying bonds .. which usually lose value during inflation .. then it seems like you don’t truly expect inflation to rise.
It might be political messaging, or perhaps an attempt to influence public perception to gain a market advantage.
To me, it feels like they're trying to control the narrative.
This is why independent voices like Jeff Snyder are important .. to challenge whatever message the big institutions are trying to push.