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In 2023, JPMorgan Chase's CEO Jamie Dimon cautions of a "moderate recession."


JPMorgan Chase CEO Jamie Dimon spoke with "Face the Nation" moderator Margaret Brennan about the state of the economy and how geopolitical issues could play a role. He warned of a mild recession in 2023. Brennan joins CBS News' John Dickerson on "Prime Time" with more on the interview. #news #jpmorgan #economy CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: licensing@veritone.com...(read more)


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JPMorgan Chase CEO Jamie Dimon has issued a warning about a potential "mild recession" in 2023. Speaking at the bank's annual investor day conference, Dimon said that the US economy could experience a slowdown due to rising inflation and interest rates. "We're still bullish on the US economy for this year and next, but we have to be prepared for a mild recession in 2023," Dimon said. "If you look at history, there are always these 10-year cycles, and we're in the middle of one now. So, we have to be cautious and prudent in our approach." Dimon cited several factors that could contribute to a potential recession, including the Federal Reserve increasing interest rates to combat rising inflation, which could slow down borrowing and spending. He also pointed to the possibility of increased regulation on tech companies, which could lead to decreased investment and slower growth. Despite these warnings, Dimon expressed confidence in JPMorgan Chase's ability to weather any potential economic downturn. The bank has strong capital reserves and has been steadily increasing its digital capabilities in recent years. "We've been through recessions before, and we know how to navigate them," Dimon said. "Our focus is on continuing to invest in our businesses and serving our clients, even in challenging economic conditions." While Dimon's warning of a potential recession may be concerning for some, it's important to remember that economic forecasts are always subject to change. It's impossible to predict with certainty what the economy will look like in 2023, and there are many factors that could impact its trajectory between now and then. What is clear is that investors and businesses should always strive to be prepared for the possibility of economic downturns. By maintaining strong financial reserves and investing in adaptive strategies, they can weather the storms and emerge stronger on the other side. https://inflationprotection.org/in-2023-jpmorgan-chases-ceo-jamie-dimon-cautions-of-a-moderate-recession/?feed_id=98337&_unique_id=646437885ae1f #Inflation #Retirement #GoldIRA #Wealth #Investing #CBSNews #economy #FacetheNation #federalreserve #geopolitics #inflation #jamiedimon #JPMorganChase #MargaretBrennan #news #recession #RecessionNews #CBSNews #economy #FacetheNation #federalreserve #geopolitics #inflation #jamiedimon #JPMorganChase #MargaretBrennan #news #recession

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