JPMorgan Chase CEO Jamie Dimon reportedly said Tuesday (April 23) that the U.S. economic boom is “unbelievable.”
Speaking at an event at The Economic Club of New York, Dimon said employment is strong, consumer finances are healthy, and consumers would still be in good shape even if the economy were to go into a recession, Reuters reported Tuesday.
At the same time, Dimon cautioned about national debt, inflation and geopolitical conflicts that could impact the economy, according to the report. He added that inflation, and along with it higher interest rates, could last longer than expected.
During the talk, Dimon also there should be a more harmonious relationship between lenders and regulators and that there’s a need for more inclusive economic growth, per the report.
Dimon also addressed policy issues like U.S. military power, political…
