J. P. Morgan Chase & Company Chief Executive Jamie Dimon U.S. consumers still have some six to nine months of spending power left in their bank accounts, but warned of an economic “storm”.
The head of the country’s largest bank said Recent fall in Americans’ savings rate had not changed its view of the government’s pandemic stimulus Still adding cushion to consumers’ wallets, He estimated that some $2 trillion in additional funding is still waiting to be spent.