JPMorgan Chase CEO Jamie Dimon warns about the impact of chronic inflation, Federal Reserve policy, and ongoing wars on the US economy.
JPMorgan Chase CEO Jamie Dimon on Friday warned that several headwinds, including chronic inflation, Federal Reserve policy and ongoing wars , pose major threats to the U.S. economy. "Many economic indicators continue to be favorable," the chief executive of America's largest bank said in a release announcing first-quarter earning results. "However, looking ahead, we remain alert to a number of significant uncertain forces.
US ECONOMY ADDS 303K JOBS IN MARCH, MUCH STRONGER THAN EXPECTED Finally, Dimon expressed concerns over the Federal Reserve's campaign to shrink the assets it is holding on its $7.5 trillion balance sheet, the long-term effects of which he said are still unclear. "We have never truly experienced the full effect of quantitative tightening on this scale," he said.
Jpmorgan Chase CEO Jamie Dimon US Economy Chronic Inflation Federal Reserve Policy Ongoing Wars Major Threats
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