US Edition‘There’s A Chance’ Stagflation May Happen, JPMorgan CEO Jamie Dimon Warns
- JPMorgan CEO Jamie Dimon warned on May 16, 2024, in Shanghai that stagflation, a combination of slow growth and rising inflation, could occur in the US economy.
- He cited inflationary pressures from global fiscal deficits, trade restructuring, US tariffs, and geopolitical tensions, while noting these factors raise stagflation risks above common expectations.
- Dimon emphasized the US Federal Reserve’s steady interest rates since January and its cautious wait-and-see approach amid uncertainty caused by unresolved tariff effects and political fiscal policies.
- He stated, “There’s a chance that have stagflation,” adding that preparedness is necessary though he was not making a firm prediction about the future.
- Dimon’s remarks suggest the US must address deficits and inflationary pressures cautiously, as the economy’s current soft landing does not guarantee stability amid mounting risks.
24 Articles
24 Articles
JPMorgan’s Dimon warns of US stagflation risk: Report
JPMorgan Chase CEO Jamie Dimon has warned that he can’t rule out the possibility that the United States will fall into what is called stagflation— an economic term that refers to a period when inflation and unemployment are high as economic growth is slow. In an interview with Bloomberg Television on Thursday, Dimon said, “I don’t agree that we’re in a sweet spot” in response to a question about some US Federal Reserve officials saying that the …
Jamie Dimon Says US Is Not In A 'Sweet Spot,' Flags Stagflation Risk And Deficit Problems Amid Trump-China Tensions - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)
The Chairman and CEO of JPMorgan Chase & Co., Jamie Dimon, addressed the issues surrounding huge deficits, inflationary factors, and geopolitical risk in the U.S. economy while talking to Bloomberg Television at the Global China Summit in Shanghai. What Happened: While Dimon agreed with the Federal Reserve to wait and see before they decide to cut interest rates, he said that the U.S. economy was likely to fall into “stagflation” as the country …
Dimon backs Fed's 'wait-and-see' rate cut strategy despite Trump’s criticism of 'Too Late Powell'
JPMorgan CEO Jamie Dimon supports Jerome Powell’s cautious approach to interest rate cuts amid economic uncertainty, despite criticism from President Trump, who has labeled him “Too Late Powell.” Dimon warns that while the economy appears stable now, future risks—like rising debt, inflation, and geopolitical tensions—justify the Fed’s wait-and-see strategy. While Jerome Powell’s ‘wait-and-see’ rate cut strategy might not be impressing the Oval O…
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