JPMorgan CEO: 50 Basis Point Rate Cut Impact Limited, US on Course for Soft Landing
Publication Time:2024-08-08 03:11:07
JPMorgan CEO Jamie Dimon recently expressed an optimistic outlook for the US economy, hoping for a 'soft landing' for the US economy. However, he held a reserved view on the market's focus on whether US inflation will return to 2%. Dimon believes that although the Federal Reserve might take action, such as a 50 basis point rate cut, this will not have the significant impact on the economy as expected by the market. He further stressed that the current US economy has not entered a recession, and there is no plan to leave the company in the short term. His series of remarks conveys a message that despite economic challenges, JPMorgan and its leaders still hold a positive view of the US economy, believing that with appropriate policy adjustments, the US economy has the ability to overcome current difficulties and achieve stable growth.
CEO
JPMorgan
US Economy
soft landing
Jamie Dimon
50 Basis Point Rate Cut