JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is “a minor thing” that Wall Street — not Main Street — is obsessing over.

JPMorgan Chase CEO Jamie Dimon discusses the Federal Reserve rate cut, inflation, and the impact of the president on the economy in a recent conference.

JPMorgan Chase (JPM) chief Jamie Dimon thinks the Federal Reserve’s first interest rate cut in over four years was “a minor kind of thing.”

Don’t fixate on the number, Jamie Dimon, chairman and CEO of JP Morgan Chase, said Sept. 10 referring to the upcoming meeting of the Federal Open Market Committee at which a cut in the federal funds rate is likely.

I am a little more skeptical than other people. I give it lower odds.”

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical about a soft landing in the US following the Federal Reserve’s first rate cut in more than four years — and said he wouldn’t “count my eggs” on that outcome.

Trump has accused the Fed of “playing politics” by making a jumbo rate cut ahead of the election, but Jamie Dimon, the billionaire head of the nation’s largest bank, thinks a small fraction of Americans even know the cut happened.