Jamie Dimon says the Fed should wait on the rate cuts as its credibility is 'a bit at stake'

• JP Morgan Chase CEO Jamie Dimon said the US Federal Reserve should delay cutting interest rates until the second half of the year.
• He said the Fed should wait for more data before cutting rates.
• Despite the market's optimism for a soft landing, Dimon says there's a 65% chance of a recession in the next two years.

The US Federal Reserve should wait until the second half of the year before cutting interest rates, JP Morgan Chase CEO Jamie Dimon said on Tuesday.

“I think they have to be data-dependent. If I were them, I would wait," said Dimon at the Australian Financial Review Business Summit.