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Fortune

Eleanor Pringle

'How can you tell me it won't lead to stagflation?' Jamie Dimon says 'extraordinary' government spending has him bracing for high inflation and unemployment

Jamie Dimon Inflation Unemployment JPMorgan United States

Jamie Dimon. (Credit: Nathan Laine—Bloomberg/Getty Images)

It seems JPMorgan CEO Jamie Dimon can't see a way ahead for the U.S. economy that doesn't end in stagflation.

It's a warning Dimon has issued before, previously saying he fears America is headed for a repeat of the 1970s when everything "felt great" and then quickly about-turned to a period of high unemployment and inflation paired with low demand, also known as "stagflation."

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