Economy

Jamie Dimon says U.S. consumers are ‘coiled, ready to go’ with $2 trillion more in checking accounts

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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., gestures while speaking during a Bloomberg Television interview at the JPMorgan Global Markets Conference in Paris, France, on Thursday, March 14, 2019.

Christopher Morin | Bloomberg | Getty Images

Government stimulus programs aimed at reducing suffering during the coronavirus pandemic have left consumers flush with savings – and that bodes well for the economic recovery under way, according to JPMorgan Chase CEO Jamie Dimon.

One of the sole areas of weakness in JPMorgan’s first quarter earnings report was muted loan demand, as everyone from credit card borrowers to multinational corporations paid down their debts, the bank…



Source cnbc.com

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