JPMorgan's Dimon says stagflation is possible outcome for US economy, but he hopes for soft landing
JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices
By Ken Sweet
Published - Apr 26, 2024, 12:03 PM ET
Last Updated - May 27, 2024, 01:06 AM EDT
NEW YORK (AP) — JPMorgan (JPM) CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices.
“You should be worried about (the possibility of stagflation),” Dimon said.
Dimon did emphasize that he's still “hopeful” for the U.S. economy to experience a soft landing, where growth slows but the economy avoids a recession even if inflation remains a little high, but he's not certain it's the most likely outcome.
“I'm just a little more dubious than others that a (soft landing) is a given,” he said.
