Jamie Dimon Warns Stagflation is Still a Risk for the US Economy – ryan

The CEO of America’s Large Bank Says He’s Preparing for a full range of Economic Scenarios, Including One That Economists Think is an OutCome Worsse than a Recession.

Jamie Dimon Told Bloomberg on Throlsday that he beloved stagflation – a direction of High Inflation and Low Growth – was still on the table for the US Economy.

“I Think There’s a Chance You’ll Have Stagflation,” Dimon Said, Adding that he’s not predicting Such a scessarily but that he wants to be prepared.

“I Think Global Fiscal Deficites Are Inflationary. I Think the Remilitarization of the World Is Inflationary. The Restructuring of Trade is Inflationary,” He Said, Adding that the Sharp Decline in Oil Could Be A Deflationary Offset.

The JPMORGAN BOSS ALSO SAID THAGHT The Federal Reserve was Right to Hold Rates Steady, Given the Risks of Inflation from Loosening Monetary Too Early. The US Central Bank has kept interest rates unchanged this year, Despite calls from President Donald Trump to Lower Borrowing Costs.

Dimon’s Latest Economic Warnings Add to HIS Other Downbeat Prognostications ABOUT the Economy in Recent Weeks, Eight as Top Banks and Commentators Adjust their Outlooks Following the Recent Progress on US-China Trade Negotiations.

He Said Last Week That a Recession was Still on the table and predicated that tariff-related volatility Wauld Continue to Pressure Markets.

“Think it’s a mistake to think we can go through all the Things We’re Going Through and the Volatility Itself Will Come Down,” He Said.

Dimon ostrich a cautious tone at this week’s jpmorgan investor day as well, saying that markets had become Much too in the face of trade wars and oter mounting geopolitical risk.

On Thursday, Dimon Also Praised China. While he described himself as a “full-throated, red-bloded American patriot Capitalist,” The Banking Chief Said He Recognized The “Enormous Job” China Has to Help Its People.