Monday, January 9, 2012

Dimon: US Economy in 'Mild Recovery'

The U.S. is in a "mild recovery" that is "broad and strengthening," JPMorgan Chase CEO Jamie Morgan told CNBC Monday. "When you look at all the sectors — corporate, middle market, business, consumer — for the most part they’re better than they were a year ago, and we even think housing is near the bottom if you look at rental prices, supply and demand, household formation," Dimon said. "So I hope we have a growing economy."

He said banks, including JP Morgan Chase "have a lot of issues sitting on them right now including Europe, which may be the largest of them. We would like to see Europe solve its problems."

Find out more at http://www.cnbc.com/id/45932717

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