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The JPMorgan Chase chief has long been skeptical of the nontraditional, and less regulated, lending business. Now he thinks its best days may be over.

The private-credit industry may have seen its best days, Jamie Dimon of JPMorgan Chase warned.Al Drago for The New York Times

Andrew here. I made a cameo at the live taping of the “Acquired” podcast at Radio City Music Hall on Tuesday, where Jamie Dimon of JPMorgan Chase was quizzed about his remarkable history at the banking giant. But what you should pay attention to are the comments Dimon made about the stock market — “asset prices are rather high,” he said — and his concerns about private credit. More on that below.

We’re also taking a look at what Tuesday’s data on consumer prices means for the Fed, at Zohran Mamdani’s meeting with top New

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