The U.S. economy is 'kind of booming,' says JPMorgan CEO Jamie Dimon, but a recession remains a possibility

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Jamie Dimon, THE CEO of J.P. Morgan Hunting, recognized THE current strength of THE WE. economy as "kind of booming", but warned that A recession East always A possibility.

What Arrived: Dimon do these Remarks on Tuesday has THE Australian Financial Goodbye Business Summit, reported Bloomberg. He declared, "We don't do it manage disabled A base case, We manage disabled THE complete spectrum of risk. »

Dimon's comments come In THE wake up of concerns about A potential recession In THE WE. Just last month, THE J.P. Morgan CEO had Express her apprehensions about THE WE. economy, warning of A possible recession And THE the market under estimation of THE risks. Despite This, he did not to expect any of them systemic problems.

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Earlier, A prominent economist David Rosenberg had Also raised concerns about THE recent point In THE unemployment rate, suggesting that THE WE. economy could be on THE edge of A unexpected recession. THE unexpected increase In THE unemployment rate, Since 3.7% has 3.9% In FEBRUARY, has sets off fears of A potential recession.

For what He Imported: Dimon's recent comments add has THE in progress discussion about THE State of THE WE. economy And THE potential risks he faces. Her acknowledgement of THE current strength of THE economy, while Also highlighting THE possibility of A recession, underlines THE complex And uncertain nature of THE economic landscape. This East particularly significant given Dimon's previous warnings about THE the market under estimation of these risks.

THE financial giant has Express concerns about A potential economic scenario reminding of THE 1970s. Stagflation, characterized by weak growth And high inflation, could lead investors has prefer obligations on actions.

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