JPMorgan's Jamie Dimon warns of the risk of 7% interest rates: "Are you prepared?"

• Jamie Dimon has warned that it's possible for US interest rates to rise as high as 7%.
• "If I was advising a company, I would say, are you prepared for 7% rates? Are you prepared for a recession?," the JPMorgan CEO said.
• He made the comments in an interview with the Economic Times.

Jamie Dimon has warned that it's possible for US interest rates to surge as high as 7%, thanks to inflationary pressures stoked by factors including huge fiscal spending and the global energy transition.