Dimon says US economy ‘booming,’ but warns about ‘inflationary’ events

JPMorgan Chase CEO Jamie Dimon said in an interview published Monday that the U.S. economy, while performing well, has to fend off “inflationary” events.

“The American economy is kind of booming right now. It’s good times,” Dimon told Alan Murray of The Wall Street Journal Leadership Institute.

Dimon noted that corporate profits are “way up,” corporations and consumers are “not overleveraged” and the unemployment rate is “really low.”

The unemployment rate has remained below 5 percent since September 2021 and was 4.2 percent last month, according to data from the Bureau of Labor Statistics (BLS).

Inflation, as measured by the consumer price index (CPI), ticked up from 3.4 percent in August to 3.7 percent in September, the BLS reported last week. Wholesale prices were also up 1.3 percent month over month in September, a surge driven........

© The Hill