Jamie Dimon Jpmorgan warns the US economy, can quickly “deteriorate”

The impact of state expenses on the pandemic and monetary policy that helped support the US economy faded, and it makes the country vulnerable in the coming months, reports Jpmorgan chase CEO Jamie Dimon.

“I think there is a possibility that real numbers will quickly deteriorate” Panin Morgan Stanley said at the conference on Tuesday, reports the transcript from FACSET.

This year, the United States continues to see the growth of overall employment and consumer expenses, even when the survey data showed a weakening of confidence from consumers and business executives before the tariff policy of the Trump administration.

Dimon reduced the poll data, saying that “neither consumers nor businesses never pick up the pole points, but stated that the” soft landing “of the economy would probably look weaker.

“The work will decrease slightly. Inflation will increase slightly. Hopefully it is a bit,” he said, adding that lower immigration – another complicated factor.

Dimon, who has been the CEO of JPMorgan since 2006, has the story of the cautious use either Negative prospects About the economy. His comments on Tuesday were not unusually pessimistic.

Recent Economic data show both work growth and inflation slowed down in May.

Another sphere that Dimon warned was a private loan that became a thriving business on Wall -Rate and is regarded as a potential concern in the case of recession. The CEO explained that the risks of the private loan are different for banks-which highlight the transactions, and then move them from their books-and for investors looking for long-term income from the asset class.

“I think now is a good time to buy a loan when I was the head of the fund? No.