JP Morgan chairman Damon “Maintains 35-40% probability of successful US economic landing”

“Too much geopolitical tension, budget deficits, uncertainty over presidential election”
“Fed skeptical of achieving 2% inflation target”… concerns about stagflation remain,

Jamie Dimon, chairman of JP Morgan Chase, the largest bank in the United States. [AP],
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, ‘[Herald Economy=Reporter Kim Young-chul] Jamie Dimon, chairman of JP Morgan Chase, the largest bank in the United States, expressed on the 7th (local time) that the possibility of a successful “soft landing” for the U.S. economy is now viewed at around 35-40%, which is similar to the previous assessment. This indicates a higher likelihood of the U.S. economy heading towards a worse scenario than a soft landing.’,
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, ‘In an interview on CNBC on the day, when asked if his previous view that the market was too optimistic about the probability of a recession had changed, Dimon replied, “I see the probability is almost the same as before,”.’,
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, ‘Dimon previously mentioned in an interview in April that he considered the market to be overly optimistic about the U.S. economy’s chances of a soft landing, estimating it at about 70%, while he saw it at about half that level. He confirmed that he is maintaining a similar outlook as he did at that time.’,
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, ‘He explained, “There is too much uncertainty in the economy,” and pointed out that “geopolitical tensions, housing, budget deficits, household spending, quantitative tightening, and the presidential election are all contributing factors that perplex the market.”‘,
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, ‘While acknowledging that credit card delinquency rates are rising, Dimon evaluated that the U.S. is not currently in a recessionary situation.’,
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, ‘Dimon also expressed skepticism about whether the Federal Reserve can reverse the inflation rate to the 2% target, reaffirming his previous position that inflation could rebound.’,
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, ‘Dimon has previously expressed concerns several times that the U.S. economy is heading towards stagflation similar to that of the 1970s.’,
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, ‘Regarding the question of whether he is considering joining the next cabinet, Dimon avoided giving a direct answer, saying, “I love my current position.”‘,
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, ‘Former President Donald Trump, a Republican presidential candidate, had mentioned in a media interview that he was considering Dimon as a candidate for Treasury Secretary if he won the presidential election, but later reversed his statement.’,
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, ‘Dimon also emphasized in an opinion piece in The Washington Post on the 2nd that “the private sector is a massive engine of expertise and generates 85% of U.S. jobs,” advocating for the inclusion of private sector individuals in the next government cabinet.’,
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