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By Staff Reporters
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Jamie Dimon is bearish on a soft landing but bullish on AI
In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon just said that the odds interest rates return to the Fed’s target of 2% without triggering a recession are “a lot lower” than the 70%–80% chance that several markets seem to have priced in.
Dimon said JPMorgan is preparing for interest rates to possibly spike to 8% in the coming years, citing geopolitical risks, the green transition, and higher energy costs (but he’s notorious for having cautious outlooks). Artificial intelligence also topped Dimon’s list of pressing issues, and he’s “completely convinced” that AI’s impact will be “extraordinary”—maybe even as revolutionary as the printing press or the steam engine.
CITE: https://www.r2library.com/Resource
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Filed under: Breaking News, Experts Invited, Information Technology, Op-Editorials | Tagged: AI, artificial intelligence, economy, Jamie Dimon, JPMorgan Chase, op-ed, soft landing |
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