10-May-2024
Economy News
 
Hoping for soft landing for US economy, stagflation possible: Jamie Dimon
27-Apr-2024

JPMorgan Chase CEO Jamie Dimon says he's hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn't rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained cautious about the US economy and said inflation may be stickier for longer and that stagflation is on the list of possible things that could happen to the US economy.

News Source:- https://www.business-standard.com/world-news/hoping-for-soft-landing-for-us-economy-stagflation-possible-jamie-dimon-124042700008_1.html