JPMorgan Chase & Co chief executive Jamie Dimon said in a television interview on Tuesday that consumer loan growth could take six to nine months to return to normal.
Mr. Dimon, in an interview with Fox Business, said the economy is strong and can cope with an interest rate hike of 1%.
“The growth of loans on the corporate side is likely to return to normal,” Dimon said. “On the consumer side, it will return to normal, it may just take another six to nine months.” (Reporting by David Henry and Matt Scuffham New York, and Louise Heavens)