Will There Be a Recession? America's Top Bankers Weigh In

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.2 • 5.8K Ratings

🗓️ 20 October 2022

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The CEOs of the nation’s largest banks, JPMorgan Chase and Bank of America, are sending different messages about the economy. One is more optimistic, the other more pessimistic. WSJ’s Ben Eisen explains what’s driving their differences. Further Reading: - Bank of America CEO’s Optimism Defies Economic Gloom - Jamie Dimon Says U.S. Consumers Still Have Six to Nine Months of Spending Power - JP Morgan Chase Earnings Show Economy is Resilient, but Jamie Dimon’s “Hurricane” Looms Further Listening: - The Fed’s Plan to Curb Inflation Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You wanna introduce yourself?
0:06.8	Sure, like name and title or my name is Ben Eisen.
0:10.4	I am a banking reporter here at the Wall Street Journal.
0:13.6	How long have you been covering banks?
0:15.6	About four years.
0:16.8	Do you find it interest?
0:19.4	Hmm.
0:20.4	I don't know if you got my bank pun there.
0:24.7	I got it.
0:25.7	I got nothing like witty to retort with it.
0:28.6	Like they say that banking is supposed to be boring, right?
0:32.0	Right, it's supposed to be boring.
0:33.2	I wanna get interesting, that's when the problems arise, right?
0:37.0	Do you know what they say about people who have no interest in banking?
0:41.4	What?
0:42.4	You're not a loan.
0:44.4	Wow, very good, very good.
0:47.8	Yeah.
0:50.7	Lately, banking is getting interesting.
0:53.5	Inflation is sky high.
0:55.3	And a lot of people are worried about whether the economy is headed toward a recession.
0:59.7	And banks are a good place to look if you want clues about what's happening.
	...

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