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Jamie Dimon says 'gangbuster' growth is in store for the US but too much fiscal stimulus is a risk

Posted On: Apr 23, 2021   |   Posted By: Business Insider

Jamie Dimon says 'gangbuster' growth is in store for the US but too much fiscal stimulus is a risk

Summary List Placement The world's largest economy looks to be set for a "gangbuster" pace of expansion through next year but US officials should be cautious about unleashing too much fiscal stimulus into the system, said JPMorgan CEO Jamie Dimon said Monday.
His observations come as a $1.9 trillion economic stimulus proposal headed toward a vote in the US Senate just days after lawmakers in the House of Representatives passed the bill.
A new round of stimulus would follow the $900 billion bipartisan coronavirus relief package signed off by then-President Donald Trump in late December .
"There's a very good chance you're going to have a gangbuster economy for the rest of this year and easily into 2022," said Dimon during an interview with Bloomberg TV. "And the question is, 'does that overheat everything?' and we just don't know yet," he said.
In terms of that risk, Dimon said, "I wouldn't worry too much about it, but I would suspect there's a pretty good chance that you're going to see rates going up and...

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