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“Jamie Dimon on the record…”

JPMorgan’s Jamie Dimon warns U.S. economy could soon ‘deteriorate’

The impacts of the pandemic-era government spending and monetary policy that helped support the U.S. economy have faded, and that makes the country vulnerable to a downturn in the coming months, according to JPMorgan Chase CEO Jamie Dimon.

“I think there’s a chance real numbers will deteriorate soon,” Dimon said at a Morgan Stanley conference on Tuesday, according to a transcript from FactSet.

The U.S. has continued to see growth in total employment and consumer spending this year, even as survey data has shown weakening confidence in consumers and business leaders in the face of the Trump administration’s tariff policies.