JPMorgan’s Bob Michele said he is “gobsmacked by the Fed’s decision,” noting it implies that despite the Middle East situation, the economy will accelerate and employment remain stable. He added, “I just don’t see that. I think there is a real impact to inflation and ultimately to the economy and the labor market.”

2026-03-19

JPMorgan’s Bob Michele said he is “gobsmacked by the Fed’s decision,” noting it implies that despite the Middle East situation, the economy will accelerate and employment remain stable. He added, “I just don’t see that. I think there is a real impact to inflation and ultimately to the economy and the labor market.”