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

NEW YORK, Jan.11 (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon said in a TV interview on Tuesday that it could take six to nine months for consumer loan growth to return to normal.

Dimon, speaking in an interview with Fox Business, said the economy is strong and can cope with interest rates rising 1%.

“Lending growth on the business side is likely to return to normal,” Dimon said. “On the consumer side, it will return to normal, it could take another six to nine months.”

Reporting by David Henry and Matt Scuffham in New York, and Louise Heavens

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