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US will eventually experience ‘the normal effects of recession’ says Jamie Dimon

Dimon acknowledges that the pandemic and the governmental and central-bank response to it have created a disconnect between the real economy and the stock market

That is Jamie Dimon, CEO of JPMorgan Chase, offering his view on the outlook for the economy in amid the continuing coronavirus pandemic.

Speaking to MSNBC’s Stephanie Ruhle in an interview that aired on 11 August, the billionaire CEO of the US’s largest bank by market value forecast a tough road ahead for recovery from the recession that Americans currently find themselves mired in.

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