FILE - Jamie Dimon , chairman and CEO , JPMorgan Chase & Co., speaks during a Senate Banking, Housing, and Urban Affairs Committee oversight hearing to examine Wall Street firms on Capitol Hill, Dec. 6, 2023 in Washington. The nation’s most influential banker, JPMorgan Chase CEO Dimon, told investors Monday, April 8, 2024, that he continues to expect the U.S. economy to be resilient and grow this year.
“America’s global leadership role is being challenged outside by other nations and inside by our polarized electorate,” Dimon said. “We need to find ways to put aside our differences and work in partnership with other Western nations in the name of democracy. During this time of great crises, uniting to protect our essential freedoms, including free enterprise, is paramount.”
Because of these issues, Dimon said he is less optimistic that the U.S. economy will achieve a “soft landing,” which he defined as modest growth along with declining inflation and interest rates, compared to the broader market. While he says the investors are pricing in a “70% to 80%” chance of a soft landing, Dimon thinks the chances of such an ideal outcome are “a lot less” than that.
Jamie Dimon Jpmorgan Chase CEO Geopolitical Risks War In Ukraine Israel-Hamas War U.S. Political Polarization Economy World War II
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