J.P. Morgan CEO Jamie Dimon warned that the US government and the Federal Reserve are “too far behind” in terms of spending and quantitative easing, and that the bond market “will break out sooner or later.” “I don't know if this situation will turn into a crisis in six months or six years, but I hope we can change the trajectory of debt and the ability of market makers to match deals,” Dimon said Friday at the Reagan National Economic Forum. “Sadly, it might really take a shock to wake us up.”

J.P. Morgan CEO Jamie Dimon warned that the US government and the Federal Reserve are “too far behind” in terms of spending and quantitative easing, and that the bond market “will break out sooner or later.” “I don't know if this situation will turn into a crisis in six months or six years, but I hope we can change the trajectory of debt and the ability of market makers to match deals,” Dimon said Friday at the Reagan National Economic Forum. “Sadly, it might really take a shock to wake us up.”