US to enter a post-Covid boom ‘torn by income inequality,’ says JP Morgan boss

Jamie Dimon says in shareholder letter economy on edge of Goldilocks moment' but upbeat news came with caveats

The US has been torn and crippled by politics, as well as racial and income inequality" but is about to enter a post-pandemic boom, according to JP Morgan boss Jamie Dimon.

In his annual letter to shareholders Dimon, the US's preeminent banker, said the economy was on the edge of a Goldilocks moment" when expanding vaccinations, high savings rates and the Biden administration's massive stimulus bill could trigger a strong recovery that could last well into 2023.