Jamie Dimon, Chief Executive Officer of JP Morgan, is optimistic about the US economy, which is at the last stage of growth in one of the longest growth periods in history. But he says there are two risks that threaten very strongly, not just the US, but the global economy. These are the trade disputes on the US-China line and the efforts of central banks in the direction of an increase in key interest rates.
"I do not want to scare the audience, but we've never had QE, governments have taken too much debt, and people tend to panic when things get out of hand." "said Dimon.
62-year-old Dimon warned that the Federal Reserve would have to raise interest rates faster than expected by hitting growth brakes. The addition to risk is also the fact that the administration is dealing with the imposition of a new round of $200 billion of tariffs. for Chinese goods. Dimon said on Monday he had warned the US administration that he and other business leaders did not agree with tactics, but President Donald Trump "obviously disagrees with us."
Source: CNBC
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