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0 -0.000364925450943557 -0.00112084245646948 5.21322072777569E-05 -0.000886247523720089 -0.00104264414555306 0.000417057658221314 0.00135543738921916
Stock impact report

Jamie Dimon is worried the US economy is headed back to the 1970s [Yahoo! Finance]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Yahoo! Finance
"Yes, I think there's a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York. The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again. "I worry that it looks more like the seventies than we've seen before," he added during a question-and-answer session with Marie-Josee Kravis, chair of the Museum of Modern Art and wife of KKR co-founder Henry Kravis. "There are circumstances in which it'll look more like the seventies than what we've had for the last 20 years." The CEO of the largest US bank has been warning for months about a number of risks to a resilient US economy that could lead to "stickier inflation and higher rates than markets expect," as he put it in an April 8th letter to shareholders. Federal Reserve officials backed up that view in the last week as Fed Chair Jerome Powell and several of his colleagues pivoted from e Show less Read more
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