Jamie Dimon: The economy is 'still ok'

<p>Comments from the JPM leader.</p><ul><li>SVB did a lot of things on the micro level in terms of customer service</li><li>In every app and every database, you will be applying AI</li><li>The consumer is still in good shape, they still have more money than before covid</li><li>Credit is not deteriorating</li><li>Worried about two storm clouds: 1) Fiscal spending is highest in peacetime ever; we've never had QT before and he's not sure sure it will be insignificant 2) All the longer-term metrics around demographics and green transition are inflationary</li><li>I'm not predicting, I'm just saying be prepared for it</li><li>JPM can handle 2%, it can handle 7%</li><li>We may have a soft landing, we may have a hard landing; the worst outcome would be stagflation</li></ul><p>Previously, Dimon has been warning about the US consumer drying up but he's changed his message and is more optimistic. He's salted that in with some longer-term inflation worries.</p>

This article was written by Adam Button at www.forexlive.com.