{"id":458574,"date":"2022-06-06T22:16:24","date_gmt":"2022-06-06T19:16:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jpms-chief-economist-others-disagree-with-dimons-hurricane-warning\/"},"modified":"2022-06-06T22:16:24","modified_gmt":"2022-06-06T19:16:24","slug":"jpms-chief-economist-others-disagree-with-dimons-hurricane-warning","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jpms-chief-economist-others-disagree-with-dimons-hurricane-warning\/","title":{"rendered":"#JPM&#8217;s chief economist, others disagree with Dimon&#8217;s &#8216;hurricane&#8217; warning"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3df8cfc763a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3df8cfc763a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/jpms-chief-economist-others-disagree-with-dimons-hurricane-warning\/#%E2%80%9CJPMs_chief_economist_others_disagree_with_Dimons_%E2%80%98hurricane_warning%E2%80%9D\" >&#8220;JPM&#8217;s chief economist, others disagree with Dimon&#8217;s &#8216;hurricane&#8217; warning&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CJPMs_chief_economist_others_disagree_with_Dimons_%E2%80%98hurricane_warning%E2%80%9D\"><\/span>&#8220;JPM&#8217;s chief economist, others disagree with Dimon&#8217;s &#8216;hurricane&#8217; warning&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>JPMorgan Chase boss Jamie Dimon\u2019s view of a looming \u201churricane\u201d for the US economy has some notable dissenters, including his bank\u2019s own chief economist Bruce Kasman, who sees clearer skies.<\/p>\n<p>Kasman said Monday that there is \u201cno real reason to be worried about a recession,\u201d arguing economic growth will continue in the months ahead \u2013 albeit at a slower pace due to high inflation that has rattled businesses and households.<\/p>\n<p>\u201cI think what we\u2019re going to see is growth continue to be on the softer side, but growth continue to show resilience,\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-06\/jpmorgan-s-kasman-sees-no-recession-as-dimon-s-hurricane-ebbs?srnd=premium#xj4y7vzkg\">Kasman told Bloomberg<\/a>. <\/p>\n<p>\u201cWe don\u2019t see a near-term recession, we see a global economy which actually does okay in the second half of the year, with the US slowing and the rest of the world doing somewhat better,\u201d he added.<\/p>\n<p>The JPMorgan economist added that the private sector remains \u201cvery resilient\u201d to inflation-related shocks, with \u201cthe health of households and corporates being quite remarkable right now.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-02.jpg?w=1024\" alt=\"Bruce Kasman\" class=\"wp-image-22550344\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-02.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-02.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-02.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bruce Kasman said economic growth will slow but not fall into recession.<\/figcaption><figcaption><span class=\"credit\">Bloomberg via Getty Images<\/span><\/figcaption><\/figure>\n<p>Kasman\u2019s remarks stood In sharp contrast to those of his boss \u2013 who warned just last week that the Federal Reserve\u2019s plan to aggressively tighten monetary policy to cool inflation and the Russia-Ukraine war were creating unprecedented conditions for investors.<\/p>\n<p>\u201cIt\u2019s a hurricane. Right now, it\u2019s kind of sunny, things are doing fine, everyone thinks the Fed can handle this,\u201d Dimon said during a conference sponsored by AllianceBernstein, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-06-01\/jamie-dimon-says-bank-is-bracing-itself-for-economic-hurricane?srnd=premium\">according to\u00a0Bloomberg<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"673\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-06.jpg?w=1024\" alt=\"Goldman Sachs\" class=\"wp-image-22550345\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-06.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-06.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-06.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Goldman Sachs analysts said the economy can still avoid a recession.<\/figcaption><figcaption><span class=\"credit\">REUTERS<\/span><\/figcaption><\/figure>\n<p>\u201cThat hurricane is right out there, down the road, coming our way,\u201d he added. \u201cWe just don\u2019t know if it\u2019s a minor one or Superstorm Sandy or Andrew or something like that. You better brace yourself.\u201d<\/p>\n<p>Stocks have been shaky in recent weeks as investors react with skepticism about the Fed\u2019s ability to aggressively hike interest rates in order to lower prices without triggering an economic recession. Dimon is one of several figures who have given dire warnings about the potential financial consequences.<\/p>\n<p>Kasman acknowledged that Dimon has his \u201cown views\u201d on the economic outlook and that the bank\u2019s leadership was \u201cmuch more clear-cut about understanding dynamics in financial conditions and how they were going to impact on the macro economy,\u201d according to Bloomberg.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-08.jpg?w=1024\" alt=\"Brian Moynihan\" class=\"wp-image-22550346\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-08.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-08.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-08.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Bank of America chief Brian Moynihan said elements of the economy remain strong.<\/figcaption><figcaption><span class=\"credit\">EPA<\/span><\/figcaption><\/figure>\n<p>\u201cWe see the economy slowing. We don\u2019t see a financial storm coming right now. We think the economy is going to avoid recession as we go through the rest of this year.\u201d<\/p>\n<p>Kasman\u2019s view is shared by some analysts at Goldman Sachs, who told clients in a note Monday that the economy would slow in the months ahead but likely avoid a recession, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/markets.businessinsider.com\/news\/currencies\/us-economy-no-recession-but-sharp-slowdown-fed-hikes-goldman-2022-6\">Business Insider reported.<\/a><\/p>\n<p>The Goldman analysts pointed to the likelihood of easing supply chain bottlenecks and increased labor force participation alleviating some inflationary pressure on the economy.<\/p>\n<p>Bank of America CEO Brian Moynihan also downplayed Dimon\u2019s warning of an economic \u201churricane\u201d during a conference last week, arguing that elements of the economy remain strong despite the \u201ctough job\u201d facing the Fed.<\/p>\n<p>\u201cThe best thing about the tough job is the part that makes it tough is actually a good thing \u2014 a low unemployment and good wage growth and good consumer spending,\u201d Moynihan said. \u201cThose are good things.\u201d\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/06\/06\/jpms-chief-economist-others-disagree-with-dimons-hurricane-warning\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;JPM&#8217;s chief economist, others disagree with Dimon&#8217;s &#8216;hurricane&#8217; warning&#8221; JPMorgan Chase boss Jamie Dimon\u2019s view of a looming \u201churricane\u201d for the US economy has some notable dissenters, including his bank\u2019s own chief economist Bruce Kasman, who sees clearer skies. Kasman said Monday that there is \u201cno real reason to be worried about a recession,\u201d arguing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":458575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/06\/chief-economists-dimon-recession-hurricane-comp-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[129995,5069,70551,70791,70792,91261,72388],"class_list":["post-458574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-6-22","tag-economy","tag-inflation","tag-jamie-dimon","tag-jpmorgan-chase","tag-recession","tag-stock-market"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=458574"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/458574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/458575"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=458574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=458574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=458574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}