We will also deal with similar topics at our Portfolio Investment Day 2024 conference on May 16, in which participation is free after registration.
JPMorgan CEO Jamie Dimon expressed optimism about the US economy, citing strong employment and a stable financial situation for consumers. According to Dimon, the recovery of the American economy is remarkable, and even in the event of a possible recession, consumers are in a good position.
At the same time, he drew attention to several risk factors, such as budget expenditures, inflation and geopolitical conflicts. He pointed out that inflation could remain high for a longer period of time, which could lead to higher interest rates.
Dimon believes that government should involve more experts in its decision-making processes. Although his name has been floated in connection with some top economic positions, JPMorgan has said that Dimon does not intend to run for those positions.
Source: Reuters
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