There are few things more important than to surround yourself with people who have your back when times are tough or cheer for you in your successes. These motivators pick you up when you’ve been knocked down, point out all the great things you’ve accomplished when you didn’t think you could, and help you keep […]

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Jamie Dimon said the U.S. is headed for the best economic growth in decades.

“We’re going to have the best growth we’ve ever had this year, I think since maybe sometime after the Great Depression,” Dimon told CNBC’s Bertha Coombs during the 40th Annual J.P. Morgan Healthcare Conference. “Next year will be pretty good too.”

Dimon, the longtime CEO and chairman of JPMorgan Chase, said his confidence stems from the robust balance sheet of the American consumer. JPMorgan is the biggest U.S. bank by assets and has relationships with half of U.S. households.

“The consumer balance sheet has never been in better shape; they’re spending 25% more today than pre-Covid,” Dimon said. “Their debt-service ratio is better than it’s been since we’ve been keeping records for 50 years.”

Dimon said growth will come even as the Fed raises rates possibly more than investors expect. Goldman Sachs predicted four rate hikes this year and Dimon said he would be surprised if the central bank only raises four times.

“It’s possible that inflation is worse than they think and they raise rates more than people think,” Dimon said. “I personally would be surprised if it just four increases.”

However, Dimon said that while the underlying economy looks strong, stock market investors may endure a tumultuous year as the Fed goes to work.

“The market is different,” Dimon said. “We’re kind of expecting that the market will have a lot of volatility this year as rates go up and people kind of redo projections.”

“If we’re lucky, the Fed can slow things down and we’ll have what they call a `soft landing’,” Dimon added.

The bank was forced to move its annual healthcare conference to a virtual format because of the spread of the omicron variant of Covid-19.

This story is developing. Please check back for updates.

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Jason Momoa (Joseph Jason Namakaeha Momoa) is an American actor. Momoa is best well known for his role in ‘Game of Thrones’ playing Kahl Drogo, and has headlined in the DC superhero movie Aquaman from 2016, and the sequel in 2022. Check out these Inspirational Jason Momoa Quotes to Inspire you! Here are 40 Inspirational […]

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Zendaya Maree Stoermer Coleman is an American actress and singer. Zendaya’s first breakthrough in film was in the Disney sitcom ‘Shake It Up’, and was a contestant on dancing with the stars. She also starred in the greatest showman, and Spiderman. Zendaya also created a clothing line called ‘Zaya by Zendaya’. Check out these inspirational […]

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Tom Holland is an English born actor who started his acting career in theatre who then moved onto acting in disaster film called ‘The Impossible’, where he earned a Young British Performer of the Year Award. Tom Holland is best known for his role in the marvel superhero movie ‘Spiderman’. Check out these motivational quotes […]

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If you want this new year to bear new fruit for you, then you’ll have to do things much differently than what you did last year. With that being said, here are 15 quotes that you’ll have to understand and implement in your life so that you can have a fruitful year. 1. “Surround yourself […]

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