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Fortune

Greg McKenna

Jamie Dimon argues JPMorgan can help fix bond market chaos

Jamie Dimon JPMorgan US Federal Reserve Donald Trump Jerome Powell Scott Bessent Torsten Sløk Economy

Jamie Dimon smiles and lifts his right hand as he talks seated in front of a background with an image of Benjamin Franklin. (Credit: Noam Galai—Getty Images)

The Federal Reserve can’t allow the Treasury market to seize up like it did in 2008, one reason JPMorgan CEO Jamie Dimon claims bank capital requirements need to be fixed. These regulations are in place to prevent a repeat of the Global Financial Crisis, but Treasury Secretary Scott Bessent, Fed Chair Jerome Powell, and many economists agree certain adjustments would allow banks and broker-dealers to step in during times of market stress.

A bond market sell-off has made investors question the safe-haven status of U.S. debt and fear another credit crunch—when liquidity dries up and economic activity grinds to a halt. JPMorgan Chase CEO Jamie Dimon said the world’s biggest lenders can help, but only if regulations developed to prevent a repeat of the Global Financial Crisis are scaled back.

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