JPMorgan’s Kasman Sees No Recession as Dimon’s ‘Hurricane’ Ebbs

Firm’s chief economist sees slowdown yet no contraction
Fed has more to do, but ‘does not want to create a recession’

Bruce Kasman, chief economist and head of global economic research at JPMorgan, discusses the outlook for global economic growth, the possibility of a US recession, and Federal Reserve policy on “Bloomberg Surveillance.”Source: Bloomberg

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By John McCorry and Tom Keene

June 6, 2022 at 2:59 PM UTC

This article is for subscribers only.

JPMorgan Chase & Co. Chief Economist Bruce Kasman says there’s little chance a US recession is imminent -- and for the moment, investors agree with him more than his boss.

“There’s no real reason to be worried about a recession,” Kasman told Bloomberg Television’s Surveillance on Monday. “There is some slowing in the picture.”