Dimon Says Commercial Real Estate Problems to Stay Contained If No Recession

Jamie Dimon said problems in commercial real estate will be contained to “pockets” of the sector as long as the US avoids a recession.

Many property owners can handle the current level of stress, the JPMorgan Chase & Co. chief executive officer said on CNBC Monday. Lower valuations tied to higher interest rates is “not a crisis, it’s kind of a known thing,” he said in an interview at his firm’s annual high-yield and leveraged-finance conference in Miami.