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Excerpt from www.cnbc.com
JPMorgan Chase‘s chairman and CEO Jamie Dimon says a “hard landing” for the U.S. cannot be ruled out.
When asked by CNBC’s Sri Jegarajah about the prospect of a hard landing, Dimon replied: “Could we actually see one? Of course, how could anyone who reads history say there’s no chance?”
The CEO was speaking at the JPMorgan Global China Summit in Shanghai.
Dimon said the worst outcome for the U.S. economy will be a “stagflation” scenario, where inflation continues to rise, but growth slows amid high unemployment.
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