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JPMorgan’s Dimon says consumer loan growth may take 6-9 months to return to normal -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO Jamie Dimon (CEO of JPMorgan Chase) participates in a discussion on investing in Detroit at a panel discussion held at Harvard University’s Kennedy School of Government in Cambridge, Massachusetts. April 11, 2018. REUTERS/Br

NEW YORK (Reuters) – JPMorgan Chase & Co (NYSE:) Chief Executive Officer Jamie Dimon said in a television interview on Tuesday that it could take six to nine months for consumer loan growth to return to normal.

In an interview with Fox Business Dimon stated that the economy was strong and could withstand interest rates increasing 1%.

Dimon stated that loan growth will likely return to normal on the business side. It will be normal on the consumer side. However, it may take six to nine more months.

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