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

While the first interest rate adjustment is expected to take place this week, JPMorgan CEO Jamie Dimon said that the United States economy is not “out of the woods” yet.

Fed officials are expected to lower interest rates this week for the first time in more than four years. Ahead of the decision, bond traders have been divided over whether the Fed will cut by a quarter-point or a half point as the central bank continues to pursue a soft landing.

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 & 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.

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.”