From: Forbes | Topline Breaking News - Wednesday Apr 07, 2021 12:40 pm
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TOPLINE

In his annual letter to shareholders released Wednesday, JPMorgan CEO Jamie Dimon laid out his vision of strong growth in the U.S. economy in the years ahead, fueled by pent-up consumer savings, aggressive stimulus spending, easy Federal Reserve policy and a strong vaccine rollout.

KEY FACTS

Dimon acknowledged that the course of the economy is still uncertain, but added that an economic “Goldilocks moment”—strong growth alongside slow-climbing inflation and interest rates—could be around the corner. 

He also called for more spending on education and infrastructure spending, which “may very well mean higher taxes for the wealthy.”

KEY BACKGROUND

Dimon’s 2021 letter is much more optimistic than last year. In his 2020 message to shareholders, Dimon warned of “a bad recession combined with some kind of financial stress similar to the global financial crisis of 2008.”

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