JPMorgan Chase CEO Jamie Dimon suggests the half-point interest-rate cut is “a minor thing” that Wall Street — not Main Street — is obsessing over.

JPMorgan Chase (JPM) chief Jamie Dimon thinks the Federal Reserve’s first interest rate cut in over four years was “a minor kind of thing.”

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical about a soft landing in the US following the Federal Reserve’s first rate cut in more than four years — and said he wouldn’t “count my eggs” on that outcome.

Trump has accused the Fed of “playing politics” by making a jumbo rate cut ahead of the election, but Jamie Dimon, the billionaire head of the nation’s largest bank, thinks a small fraction of Americans even know the cut happened.

I am a little more skeptical than other people. I give it lower odds.”