U.S. top banker voices cautious tone on U.S. economy

NEW YORK, Jan. 12 (Xinhua) -- A U.S. leading banker on Friday highlighted vulnerabilities and downside risks facing the U.S. economy, after JPMorgan Chase & Company reported less profits in the fourth quarter of 2023.

"It is important to note that the economy is being fueled by large amounts of government deficit spending and past stimulus," said Jamie Dimon, chairman and chief executive officer with JPMorgan Chase & Company.