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JPMorgan CEO Dimon: The U.S. economy faces a series of risks and challenges
Golden Finance reports that on April 6, JPMorgan Chase CEO Jamie Dimon said in the company’s shareholder letter that the U.S. economy faces a range of risks and challenges. Dimon said, “Our economy has long been driven by large government deficit spending and past stimulus measures, and the need for increased infrastructure spending is still growing. Meanwhile, Iran’s war could trigger sustained shocks in oil and commodity prices and force global supply chains to be reshaped, which would make inflation more persistent and keep interest rates higher than market expectations. Trade negotiations are also exacerbating the tense geopolitical environment. Dimon said, “Also, while high asset prices may certainly feel good in the short term, if anything goes wrong, it will bring additional risks.” (Dongxin News Agency)