JPMorgan Chase & Co. (JPM) CEO Jamie Dimon on Wednesday said Wall Street is losing sight of the big picture of an economic rebound with a current fixation on supply chain disruptions. "There's not one company I know that is not working aggressively to fix their supply chain issues," Dimon told analysts on the firm's quarterly earnings call. "I doubt we'll be talking about supply chain stuff in a year. I just think we're focusing on it too much and it's simply dampening a fairly good economy. It's not reversing a fairly good economy." Dimon said credit card and debit card spending is up, the consumer sector remains healthy and the economy is growing by 4%-5%.
(END) Dow Jones Newswires
October 13, 2021 11:37 ET (15:37 GMT)
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