Dimon says hard landing still possible ...Middle East

Jamie Dimon, chair and CEO of JPMorgan Chase, said a hard landing is still possible for the United States economy. In an interview at the JPMorgan Global China Summit in Shanghai, Dimon was asked by CNBC’s Sri Jegarajah about the possibility of an economic hard landing and said “of course” the U.S. could see one, “how could anyone … who reads history say there’s no chance?” He said the worst outcome for the U.S. economy would be a “stagflation” scenario, where inflation still rises, but growth slows due to high unemployment. “I look at the range of outcomes and again, the worst outcome for all of us is what you call stagflation, higher rates, recession. That means corporate profi

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Last updated : 23 May 2024 clock 11:40 PM

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Dimon says hard landing still possible ...Middle East

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