JPMorgan chief executive Jamie Dimon is warning against becoming complacent as he believes it is within the realm of possibility for the US economy to witness a severe downturn next year.
In a new interview with the Wall Street Journal, Dimon says the US economy is doing well this year with strong consumer spending, low unemployment and the stock market trading close to record highs.
But the JPMorgan CEO warns that the economy’s strength is mostly driven by fiscal spending, which he says will eventually lead to a resurgence of inflation. He also names five headwinds that could trigger a hard landing in 2025.
“I’m trying to say what are the range of possible outcomes? Last year and this year, I would put out the
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