Quote:
Jamie Dimon, CEO of JPMorgan Chase, has been vocal about the need for reform in banking regulations, arguing that the current system is overly bureaucratic and stifles credit availability. He believes that excessive regulations have pushed financial activities into private markets and hindered the banking industry's ability to operate efficiently.
If Fed promises to redeem treasuries at full face value even if redeemed early then banks can go nuts holding Treasuries and that can be a form of QE. They can play the role of buyers when no one else is interested. Let’s change the bank regs Dimon is saying.