JPMorgan CEO Jamie Dimon on 'Hard Landing' and 'Stagflation' Fears as Inflation Worries US Fed

https://www.ibtimes.uk/jpmorgan-ceo-dimon-hard-landing-stagflation-fears-inflation-worries-us-fed-1724771

Despite the downward inflation trend, JPMorgan CEO Jamie Dimon, 68, isn't ruling out a "hard landing" for the US economy.

6 points · 1 comments · view on lemmy.world

1 Comments

jeffw@lemmy.world · 5 pts · 2y

A lot of CEOs are full of shit but Dimon gives them all a run for his money. He’s out of touch with the 21st century, as evidenced by all his WFH bullshit.

Sure, stagflation would be bad. But inflation is cooling at a record pace. A month of that slowing doesn’t mean the world is ending. 2 years ago we were at about 8% inflation, now it’s 3.4%. The goal is 2-3%