JPMorgan Chase CEO Jamie Dimon said in a media interview on Wednesday that the Fed should patiently wait for the next interest rate adjustment to guard against the possibility of inflation rising again in a volatile situation.
"Inflation is developing in the right direction. But it would be better if the Fed maintains its waiting stance now," Dimon told the media.
"I think there are many reasons why future inflation may rise again: increased government spending, rearmament in the world, huge investments in the green economy, and trade restructuring," he added.
At the Fed's July 30-31 meeting, policy makers are expected to maintain policy rates at 5.25-5.5%, but given new developments in easing inflation pressure, including a surprise drop in prices in June, they may lower the rates.
Dimon, who has been a JPMorgan executive since 2006, told the media that he has made a plan for the final successor, but the final decision will be made by the board of directors.
"The board is very familiar with the candidates, they are all very capable," he added. "We are also considering external candidates, but the most likely ones are internal candidates."