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Fortune
Fortune
Eleanor Pringle

Jamie Dimon just used one of Warren Buffett’s most famous quotes to warn about higher for longer interest rates

Jamie Dimon, chief executive officer of JPMorgan Chase (Credit: Jason Alden—Bloomberg via Getty Images)

While many on Wall Street are crowing the end of Fed rate hikes, Jamie Dimon remains unconvinced.

The CEO of JPMorgan Chase said Fed chairman Jerome Powell's current pause on increases to the base rate shouldn't be taken as gospel that the only way is down, saying there's anywhere between 25 to 75 basis points higher the Fed could go.

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