Yahoo TV

STORY: In his annual letter to shareholders on Monday, JPMorgan Chase CEO Jamie Dimon maintained his view that inflation could be more persistent than markets expect, prompting interest rates to stay higher - even warning they could soar as high as 8% in the coming years.

But Coons thinks that demographics such as an aging population, work against that type of "rhetoric."

"An aging population really puts pressure on rates to the downside," said Coons, who explained that older people tend to save their money more than spend it. "We've seen this play out significantly in Japan over the past 20 years. The anecdote always is that they sell more adult diapers than they do baby diapers. And in the US, because we have a fertility rate below 2%, we are dealing with that same problem."