JPMorgan Chase CEO Jamie Dimon spoke on Thursday in an interview with CNBC. Greg had the headline comments here:

Dimon said that:

  • “I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation ”

I think we all recall the denials on inflation, over and over again. "Transitory" was parroted ad nauseum:

A bit of a choruse on 'transitory from European Central Bank officials Lane, Stournaras, and Knott.

The Fed wasn't alone in this of course.

The link to the CNBC report on the interview with Dimon is here if you'd like more: