Key Points
- Even as economists tout the Trump administration’s tax and deregulatory policies as boosting economic growth this year, JPMorgan Chase CEO Dimon said that his own tendencies were to consider what could go wrong.
- “My own view is people are getting a little comfortable that this is real, these high asset prices and high volumes, and that we won’t have any problems,” said Dimon, who was dressed in black and had a brace on one of his hands.
- Inevitably, Dimon said, the economic cycle will turn, leading to a wave of borrower defaults that would broadly affect lenders, and often impacting industries few people expect, he said.
