ICYMI: JPMorgan CEO Dimon warns that high inflation could trigger “severe” US recession | Forexlive

JPMorgan CEO Jamie Dimon spoke in an interview on CNBC on Tuesday US time.

Said:

• Businesses are still in good shape
• consumer spending remains strong, with households hoarding $1.5 trillion in excess savings from pandemic relief programs,

But, he says that may not last long:

• “Inflation is eroding everything I just said, and that $1.5 trillion will run out sometime mid-year next year,”
• “When you are looking that forward, those things very well may derail the economy and cause this mild to severe recession that people are worried about.”

Full text is here: CNBC Transcript

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Earlier post from another big wig:

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