Jamie Dimon says inflation will go up and employment will shift down as economy ‘deteriorates’ amid shifting ‘tectonic plates’

• JPMorgan CEO Jamie Dimon warned that the economic stimulus from the pandemic has run its course, leaving consumers with depleted savings and raising concerns that inflation could rise while employment falls, posing a challenge for the Federal Reserve’s dual mandate.

For months, Federal Reserve Chairman Jerome Powell has been nervous that the two sides of the Federal Open Market Committee’s dual mandate will end up in opposition.

Now, JPMorgan CEO Jamie Dimon has suggested he’s right...