Jamie Dimon says a soft landing is possible, but 'scary stuff' is ahead
JPMorgan CEO Jamie Dimon said he thinks a soft landing is still possible but warned the economy faces several uncertainties.he added that America's biggest bank has a recession playbook but is not putting it into action yet.
It's also"fabulous" that wages are going up for workers on the low end, after decades of seeing little to no real increases in pay, he added. Still, he acknowledged that the level of economic uncertainty is higher than usual, amid potential headwinds like the Federal Reserve's quantitative tightening and"Russia, Ukraine, oil, gas, war, migration, trade, China."
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