2024-01-17 22:27:16
(New York = Yonhap Infomax) Correspondent Jinho Jeong = Jamie Dimon, chairman and CEO of JP Morgan Chase, showed caution regarding the possibility of a soft landing in the U.S. economy, saying, “Everything can’t be better.”
Jamie Dimon, CEO of JP Morgan
Dimon, who attended the Davos Forum (WEF) in Switzerland on the 17th (local time), said in an interview with foreign media, “It’s a mistake to assume that everything is so good that it can’t get any better (hunky-dory),” and said he hoped the U.S. economy would have a soft landing. “The consensus is gaining strength, but we are facing ‘powerful forces’ ranging from fiscal policy to the war crisis,” he said.
“When the stock market goes up, it’s like we’ve all taken a drug that makes us feel like, ‘This is awesome,’” Dimon said. “The thing to keep in mind is that the world has received massive amounts of monetary stimulus from major central banks.”
“I’m a little more on the cautious side,” he said. “This year and next year we’re going to face a lot of things.”
“All these powerful forces are going to impact us,” Dimon said, citing the war in Ukraine, terrorist acts in Israel, geopolitical conflicts over the Red Sea and the long-term impact of zero interest rates.
Meanwhile, he added, we should also think regarding why former U.S. President Donald Trump is receiving strong support in the presidential race.
“Trump was right regarding NATO, he was right regarding immigration, and he got the economy growing pretty well,” Dimon said. “Tax reform worked, and he was right regarding China.” “he said.
At the same time, he said, “He is not wrong on important issues,” and analyzed, “That is why people who shout ‘Make America Great Again’ vote for Trump.”
(end)
This article was published at 05:15 on the Infomax financial information terminal.
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