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Key Words: Jamie Dimon says QE unwind could catch investors by surprise

Investors don’t know what to expect when the Federal Reserve and other major central banks begin unwinding their multi-trillion-dollar bond-buying programs, J.P. Morgan Chase & Co. JPM, -0.39% Chairman and Chief Executive Jamie Dimon warned on Tuesday.

Speaking at a conference in Paris, Dimon, according to Bloomberg, had this to say:

‘We’ve never had QE like this before, we’ve never had unwinding like this before. Obviously that should say something to you about the risk that might mean, because we’ve never lived with it before.’

Jamie Dimon

Federal Reserve Chairwoman Janet Yellen is expected Wednesday to reiterate the central bank’s plan to begin unwinding its $4.5 trillion balance sheet when she testifies before a House panel.

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