JPMorgan CEO Jamie Dimon cautioned Thursday against high optimism of a “soft landing” in the U.S. economy’s battle against inflation, warning not to “get lulled into a false sense of security.”
Dimon made the comments in an interview with The Wall Street Journal. Dimon said he fears the economy heading more toward the hard landing of the 1970s over the soft landing of the mid-1990s, when Alan Greenspan orchestrated a soft landing and avoided a recession by preemptively raising rates.
“The odds of a soft landing, the market kind of prices at 70%, I think it’s half of that,” Dimon told the Journal. “It looks a little bit more like the ’70s to me, and I point out to a lot of people, things looked pretty rosy in 1972 — they were not rosy in 1973.”
Read more at Newsmax© 2024 Newsmax. All rights reserved.
