Stagflation

JPMorgan CEO Dimon on ‘Hard Landing’ and ‘Stagflation’ Fears as Inflation Worries US Fed

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JPMorgan CEO Dimon on ‘Hard Landing’ and ‘Stagflation’ Fears as Inflation Worries US Fed

Despite the downward inflation trend, JPMorgan CEO Jamie Dimon, 68, isn’t ruling out a “hard landing” for the US economy. On the prospects of a “hard landing,” Dimon said in a CNBC recent interview at the JPMorgan Global China Summit in Shanghai: “Could we actually see one? Of course, how could anyone who reads history … Read more

Yellen Says US Economy Unlikely To See ‘Stagflation’

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Yellen Says US Economy Unlikely To See ‘Stagflation’

The US economy is not expected to see stagflation, Treasury Secretary Janet Yellen said in an interview broadcast Wednesday, adding that most forecasters expect inflation to cool as housing costs move lower. “In many parts of the country, rental prices for new apartments have actually declined overall,” Yellen told Fox Business in an interview. Her … Read more