JPMorgan plans to tell Congress that economic problems in the United States may soon arise. Dimon, who is scheduled to testify alongside executives of major U.S. banks at congressional hearings Wednesday and Thursday, will talk about the opposing forces that are turbulent for the nation’s economy.
Economic problems in the U.S. today
Dimon’s testimony precedes a pair of oversight hearings of the nation’s seven largest retail banks, at which executives are expected to address a range of issues, including the economy, consumer concerns and hot social issues such as fossil fuels and abortion.
Earlier, we reported that the U.S. Federal Reserve will consider an interest rate hike in September 2022.