JPMorgan Chase & Co Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election, and a second wave of infections.

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Dimon made the comments on Friday to stock analyst Brian Kleinhanzl of Keefe, Bruyette & Woods, who wrote about their meeting in a report.

Dimon added that earlier government stimulus had delayed the full effects of the recession. As it hits, customers who have borrowed from the banks will feel the impact, the note said.

Consumers are spending less. “Based on their data it is unclear if that trend is getting better or worse,” Kleinhanzl wrote.

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JPMorgan is the largest U.S. bank by

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Reuters

FILE PHOTO: Jamie Dimon, chairman & CEO of JP Morgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York City, New York, U.S., September 25, 2019. REUTERS/Shannon StapletonReuters

NEW YORK (Reuters) – JPMorgan Chase & Co

Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election and a second wave of infections.

Dimon made the comments on Friday to stock analyst Brian Kleinhanzl of Keefe, Bruyette & Woods, who wrote about their meeting in a report.

Dimon added that earlier government stimulus had delayed the full effects of the recession. As it hits, customers who have borrowed from the banks will feel the impact, the note said.

Consumers are spending less. “Based on their data it is unclear if that trend is getting better or worse,” Kleinhanzl wrote.

JPMorgan is largest

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Life is a lot different now than it was before the COVID-19 pandemic began, and that includes car buying — something a lot of folks are doing right now. If you’re one of them, you might not even know where to start.

Business Insider spoke with Tom McParland, who runs a service called Automatch Consulting that helps people buy cars, for some advice. 

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