‘The Positives Are Huge’: JPMorgan Chase CEO Changes His Tune About The Economy

JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.

Dimon, regarded as one of the most powerful investment bankers on Wall Street, wrote in his annual shareholder letter that elevated consumer spending and the massive savings that households accumulated during the lockdown-induced recession are likely to produce a strong economy in the near future, notwithstanding the market volatility of the past year.

“Unemployment is extremely low, and wages are going...