NEW YORK: A US leading banker on Friday highlighted vulnerabilities and downside risks facing the US economy after JPMorgan Chase & Company reported less profits in the fourth quarter of 2023, reported Xinhua.“It is important to note that the economy is being fuelled by large amounts of government deficit spending and past stimulus,“ said Jamie Dimon, chairman and chief executive officer with JPMorgan Chase & Company.There is also an ongoing need for increased spending due to the green economy, the restructuring of global supply chains, higher military spending, and rising healthcare costs, which may lead inflation to be stickier and rates to be higher than markets expect, said Dimon in a fi
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