Jamie Dimon, CEO of JP Morgan, sees the US economy in stable shape and warns against cutting interest rates too soon. This is above all a warning to those in the world who are urgently waiting for the Federal Reserve to change course and switch back to cheap money mode. Above all, it is the Europeans who, in view of the recession in the eurozone, are urgently hoping that interest rates will continue to fall globally and that fresh liquidity can be injected into a new credit cycle. But the Fed does not seem to want to do them that favor. So the chicken game is entering the next round. Whoever moves first loses!