Agencies
One of corporate America’s most prominent executives on Tuesday expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances.
The U.S. economic boom is “unbelievable,” JPMorgan Chase CEO Jamie Dimon said at an Economic Club of New York event. “Even if we go into recession, the consumer’s still in good shape.” Still, he warned about the potential economic effects of the rising national debt, inflation and geopolitical conflicts.
Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer. Turning to public policy, the 68-year-old said the government would be better off with more “practitioners” at the table. His name has been floated for senior economic roles.
“I want to help my country,” Dimon said in a wide-ranging interview with Marie-Josee Kravis, chair emerita of the Economic Club of New York.
“I want the next president, whoever it is, to put the other party (members) in their cabinet. That is what I would like to see. I would like to see practitioners go back to the government.” JPMorgan has previously declined to comment on speculation about Dimon joining the government or said that he had no plans to run for office.
Still, he warned about the potential economic effects of the rising national debt, inflation and geopolitical conflicts.
