- July 15, 2022
- Posted by: Stratford Team
- Category: Economy
Jamie Dimon, chief executive officer of JPMorgan Chase & Co.
Christophe Morin | Bloomberg | Getty Images
JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one paragraph, and it’s not all good.
On the one hand, Dimon said the U.S. “economy continues to grow and both the job market and consumer spending, and their ability to spend, remain healthy.”
He then rattled off a number of warning signs, saying: “But geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go and the never-before-seen quantitative tightening and their effects on global liquidity, combined with the war in Ukraine and its harmful effect on global energy and food prices are very likely to have negative consequences on the global economy sometime down the road.”
Dimon’s comments, which were made in JPMorgan Chase’s latest quarterly release, come as investors and economists try to make out whether the…
