JP Morgan Chase chief economist Bruce Kasman seems to disagree at all with his boss, CEO Jamie Dimon, as he says there is a very low probability that a US recession is imminent.
“There is no real reason to fear a recession – Kasman said in an interview yesterday on Bloomberg Television’s Surveillance show – There is some slowdown in the picture,” he added.
A few days ago Jamie Dimon, CEO of JP Morgan, the number one bank in the United States by value of assets, even feared the advent of an economic hurricane:
“Get ready for an economic hurricane that will be triggered by the war between Russia and Ukraine and the Fed” by Jerome Powell, due to its Quantitative easing, warned Dimon, also adding that he believes oil prices could soar as high as $ 150 or $ 175. per barrel.
Speaking in front of an audience of journalists and analysts, Dimon launched the following message:
“You better get ready. JP Morgan is doing this, and will be very conservative with his balance sheet.”