In an interview on CNBC’s “Closing Bell”, Jamie Dimon, Chairman and Chief Executive Officer of J.P. Morgan Chase, warned about the upcoming bond market uncertainty, although remaining consistently upbeat on the US economy.
Key Quotes:
When asked what’s the single biggest risk to the economy,
First, the U.S. trade dispute with China, if it escalates into a full-blown war, would erase much of the progress the administration has made
And then there’s the unwinding of unprecedented efforts by central banks around the world a decade after the 2008 financial crisis. Dubbed “quantitative easing,”
“I don’t want to scare the public, but we’ve never had QE.”
“We’ve never had the reversal. Regulations are different. Monetary transmission is different. Governments have borrowed too much debt, and people can panic when things change.”
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