JPMorgan CEO Jamie Dimon: It's Time to Raise Rates

The transcript discusses economic conditions, including unemployment and inflation trends, and the impact of interest rate changes. It emphasizes the importance of the Federal Reserve's credibility and the psychological effects of rate hikes. The speaker advocates for a return to economic normalcy and discusses the timing of rate increases, leaving the decision to the Fed based on economic indicators.

What psychological effect does the speaker mention regarding interest rates?

What factors does the speaker suggest should be considered when deciding the timing of rate increases?