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JP Morgan CEO Jamie Dimon created a stir across the globe Thursday when he told a forum in China markets will remain volatile because of extraordinarily low interest rates.
Speaking at the Fortune Global Forum in Chengdu, China, Dimon said, “It’s a different world when central banks are managing interest rates…. Until it gets back to normal, it’s going to be scary and volatile.”
Stuart Varney, the host of FOX Business’ “Varney & Co.,” asked Money Morning Chief Investment Strategist Keith Fitz-Gerald and Wall Street analyst Meredith Whitney for their take on Dimon’s comments.
Is Dimon right? Check out what Fitz-Gerald and Whitney had to say in the accompanying video.
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