JPMorgan CEO says Argentina may not need bank loan, Fed will likely remain independent 

Argentina may not ultimately need a bank loan, JPMorgan Chase CEO Jamie Dimon told Reuters, adding Argentine President Javier Milei is doing a good job overhauling the country’s troubled economy. 

Why it matters

Milei’s party cruised to victory in midterm legislative elections in October as voters handed him a mandate to keep pushing through his overhaul of the economy, which has included deep austerity measures. U.S. Treasury Secretary Scott Bessent said last month the department was working with banks and investment funds to create a $20 billion facility to invest in Argentina’s sovereign debt.