JPMorgan's Dimon says stagflation is possible outcome for US economy, but he hopes for soft landing [Financial Post (Toronto, Ontario, Canada)]
JP Morgan Chase & Co. (JPM)
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Source: Financial Post
NEW YORK (AP) — JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the U.S. economy. Article content Article content “You should be worried about (the possibility of stagflation),” Dimon said. Dimon did emphasize that he's still “hopeful” for the U.S. economy to experience a soft landing, where growth slows but the economy avoids a recession even if inflation remains a little high, but he's not certain it's the most likely outcome. “I'm just a little more dubious than others that a (soft landing) is a given,” he said. The Fed rapidly raised interest rates in 2022 and 2023 after infla
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- 4/12/24 - Beat
JPM
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- 5/6/24 - Form 4
- 5/6/24 - Form 144
- 5/6/24 - Form 424B2
- JPM's page on the SEC website