JPMorgan's Dimon argues tariffs are good for US security even if inflationary: 'Get over it'
Published On Jan 22, 2025, 10:36 AM
JPMorgan CEO Jamie Dimon, speaking at the World Economic Forum, suggests that while tariffs may be inflationary, they serve the greater purpose of enhancing national security. He acknowledges ongoing inflationary pressures and expresses caution regarding fiscal deficits but emphasizes the need for pro-growth strategies. Furthermore, Dimon points out that current asset prices in the stock market are inflated, indicating that favorable economic conditions are required to sustain these valuations.
Stock Forecasts
JPM
Positive
Given Dimon's comments on inflation and the need for pro-growth strategies, it's likely that sectors benefiting from government spending or infrastructure projects may see positive impacts. Financial stocks generally benefit from rising interest rates and economic growth.
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