Americans Are Making ‘Huge Mistake’ to Believe Certain ‘Booming’ Economy Narratives: Jamie Dimon

JPMorgan CEO Jamie Dimon said the belief that the U.S. economy will boom for a long time is a “huge mistake.”

JPMorgan Chase & Co. CEO Jamie Dimon speaks during the Business Roundtable CEO Innovation Summit in Washington on Dec. 6, 2018. Jim Waton/AFP via Getty Images

Americans who assume that the U.S. economy will continue to boom for years on the back of consumer strength are making “a huge mistake,” JPMorgan Chase CEO Jamie Dimon said at a financial conference in New York on Sept. 11.

At the Barclays Global Financial Services Conference, Mr. Dimon warned of a number of risks to the U.S. economy, including the Ukraine war, monetary tightening by the Federal Reserve, and increasing reliance on government spending.