Just trying to make your day MM, one of your favorite people from your favorite industries with good economic news!
---
Double-Dip Recession Threat Behind US: Jamie Dimon
Published: Wednesday, 28 Mar 2012 | 3:13 PM ET
The threat of a double-digit recession is behind us, JPMorgan Chase CEO Jamie Dimon told CNBC Wednesday.
 |
Getty Images
Jamie Dimon
|
"No one can forecast the economy with certainty," Dimon said, "but most of us in business [have] got growth plans that have nothing to do with the actual state of the economy. We’re going to always open new branches," do more marketing, hire more people and work to bring in more customers.Europe's financial problems, at least for now, have been "put to bed," he said, while the U.S. has seen 24 straight months of job increases. Housing prices are coming down and "all the other signs are flashing green."
If the economy is doing so well why is the Federal Reserve holding interest rates down until late in 2014?
"I think they want to see 300,000 to 400,000 jobs a month for six months before they declare victory" and raise rates, the JPMorgan [JPM 46.04  0.15 (+0.33%)  ] CEO said.
© 2012 CNBC.com |
