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Jpmorgan’s hunting Cseo Jamie Dimon said Monday that fees announced by the President Donald Trump Last week probably predict domestic and imported and imported and imported, weighing a US economy who had already slow down.
Demon, 69, addresses u Fee Polyics Trump announced on April 2 in their picture of the April, which has become a tight written in the state of the economy, the proposals that makes to the US and its own management.
“In every thing you think of legitimate reasons for the legacy fares, there are some-time, there are only projects, not on the domestic goods, as inputs and the question increases on domestic products.”
“Noted the rates menu Cesman a recession remains in question, but it makes the growth,” he said.
Demon is the first CEO of a major bank of the Trump’s fee in the JPMourgan fee still used his platermost and financial risks that see, a year’s letter comes in a Turpulent time unusually. Stocks were in freefall from trump shocked shocking markets, causing the worse week for US equity Since the covenemic’s firefight in 2020.
Their remarks seem to be previous backtrack comments that feces january, when dimon said that people should “get over“The fee concerns because they were good for the national security. At the time, fee levels were discussed were very lower than it was flat last week.
The trump’s rate policy created “Many debritments” including their impact in glabal and dollar, impact to ecurdinate profit and demon said.
“The question this issue is resolved, the best because some of the negative effects increased cumulative with time and would be hard to reverse”, he said. “In the short short, I see this as a large additional pall of the camel’s back.”
‘Not as safe’
While American economy done for the past few years, he helped the government of the government. The inflation is likely to be the most of the interests could remain lifted as economy rleaks, added.
“The economy makes the clusters considable (including refilling of stamps and drys and prices feces and voluctive”, dimon said.
Demon also hit an ominous note to consider as US stocks are already fell by their recent highs. According to the JPMorgan CEO, the two stocks and credit spreads were also potentially optimistic.
“Simple markets that prices prices with the assumption we follow to have a pretty soft landing,” Dimon said. “I’m not so secure.”
‘Critical criticals’
Subject to dimon at about two decades of leadership, jpmorgan has become the largest United States bank by assets and market capitalization. Last year was his seventh in a registration record row, noticed.
But the driving bank “be the sound of America, domestically, and the future world and democratic world are strong”, Dimon said.
The United States and the world are in a critical criticism, according to dimon. Has comected for a deep reinforcement and led reinforcement from the World War’s end, led to decades of peace and prosperity, rather than that order.
“If God be exactly what our opponents want to happen: moons assent the military and economic alliance that America and their allies have to traded:” Dimon said.
“In the multiple world that the following, it will be any nation for him – by our opportunity the opportunity to establish the rules and economic property to.”
Dimon had many prescriptions to meet the day challenges, including the restoration pride, recognized and maintaining common common “to all the cost”
“The economy is the long tail, and America first goes the end, while you don’t finish being America alone,” Dimon said.
