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JPMorgan CEO Jamie Dimon says the US economic boom could ‘easily run into 2023’

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JPMorgan CEO Jamie Dimon said in his latest annual letter to shareholders that the US economic boom could “easily run into 2023.”

“I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the US economy will likely boom,” Dimon said.

Dimon argued that the US economy entered the COVID-19 recession in stronger shape than before the Great Recession, and that banks were part of the solution, rather than the cause, this time details ⇒

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