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JPMorgan CEO Jamie Dimon 'cautious' on US soft landing
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Speaking at the Economic Club of New York on Tuesday (23 April), Dimon said the US was «booming» after 20 years of low growth caused by «bad reasons such as regulations, bureaucracy and stupidity and forced policies». With unemployment at an all-time low, US consumers are «in good shape», he said, even if they did have to endure another recession, adding that debt service ratios were «very low». However, he said this did not alleviate all economic headwinds to a soft landing. Dimon said that even if individual wealth was higher than previous years, this did not mean they could «fight ...
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Read more on investmentweek.co.ukAbout this in other media
JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario abcnews.go.com /1 week ago
Jamie Dimon is skeptical about the odds of a 'soft landing' foxbusiness.com /1 week ago
US economy grows less than forecast at 1.6% rate in first quarter investmentweek.co.uk /1 week ago
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