Jimmy Damon, CEO of JPMorgan Chase, says he will not take us in the recession “from the table”, warns of a lot of uncertainty there
Jimmy Damon, CEO of JPMorgan Chase, says he still excludes the possibility of the United States to enter economic stagnation.
In a new television interview, Bloomberg, Damon He says The uncertainty can increase the confirmation of definitions and geopolitical tensions from inflation and slow the economy.
“I will postpone the economists who offer [a recession] About 50 % opportunity …
If there is a stagnation, then I do not know how much it will be or the duration of its continuation. We hope to avoid this, but I will not take it out of the table at this stage. ”
Damon says that economic uncertainty includes wars and continuous conflicts all over the world, as well as issues that have not been resolved in the United States, such as the increased budget deficit and tax. invoice The way is equivalent to Congress.
“The markets are completely unpredictable. I think there is a lot of uncertainty that you cannot oppose. You know, war in Ukraine, terrorism in the Middle East. You know, Iran. You know, a big deficit, our tax bill, which I would like to see a good tax pass, the definitions, and the reaction of countries to the definitions.”
Damon also says that the recent developments on President Donald Trump’s commercial war are moving in the right direction, but they still leave many questions without answer.
“I think it is correct to do, is to back down from some of these things, and engage in conversation. I am grateful because they have done the United States of America deal. As you know, it is an agreement in principle, so there is still a lot of uncertainty, and there is a lot of uncertainty in the Chinese thing, but at least we started, and it is clear that the markets fade.”
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