The Federal Reserve’s current tightening regimen, plus higher, sticky inflation and Russia’s war on Ukraine are the largest risks he sees for the economy. It was like magic, that interest.”Dimon said that is part of what he hopes to achieve with his community branches. This role, he said, is essential and is often filled by regional, mid-sized community banks, which is partially why the recent failures of SVB and Signature and the possibility of contagion were so harrowing. Banking sector meltdownDimon said he isn’t sure if the US economy is through the thick of the current banking crisis just yet. “There are policies that he did that are good,” Dimon told Harlow.

Source: CNN April 07, 2023 01:09 UTC