According to the CEO of the largest US bank, these matters are much more important to the global economy than the “day-to-day economic fluctuations”. He also thinks that the US economy can avoid a deep recession, despite the Federal Reserve raising interest rates against high inflation.
“We can still make a soft landing,” said Dimon. He states that the American consumer is in good shape financially, although that will eventually decline.
In the interview with Bloomberg Television, Dimon further stated that artificial intelligence has tremendous potential. He said that JPMorgan Chase already uses artificial intelligence to combat fraud and assess risk, for example. “This is just the tip of the iceberg. It is very special to me,” said the top banker.