JPM - US Economy 'Kind Of Booming' Says JPMorgan CEO Jamie Dimon But Recession Still A Possibility | Benzinga
Jamie Dimon, the CEO of JPMorgan Chase, acknowledged the current strength of the U.S. economy as “kind of booming," but cautioned that a recession is still a possibility.
What Happened: Dimon made these remarks on Tuesday at the Australian Financial Review Business Summit, reported Bloomberg. He stated, “We don't manage off a base case, we manage off the full spectrum of risk.”
Dimon’s comments come in the wake of concerns about a potential recession in the US. Just last month, the JPMorgan CEO had expressed his apprehensions about the U.S. economy, warning of a possible recession and the market’s underestimation of the risks. Despite this, he did not foresee any systemic issues.
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Earlier, a prominent economist David Rosenberg had also raised concerns about the recent spike in the unemployment ...