Jamie Dimon believes U.S. 'not prepared' for 7% interest rates

While Fed officials held interest rates in place at their September FOMC meeting, some of Wall Street's biggest names remain uncertain on the trajectory of regulators' monetary policy. JPMorgan Chase (JPM) CEO Jamie Dimon told the Times of India in an interview: "I am not sure if the world is prepared for 7%."

Yahoo Finance anchors Brad Smith and Seana Smith examine Dimon's comments and how the U.S. economy is currently balancing unemployment and elevated interest rates in the Fed's attempt to alleviate inflation.