The growing trend for manufacturers and retailers around the world could create self-employment in the next few months, senior US central bank officials have said.
“This will not be a problem next year at all,” Jamie Dimon, chief executive of JPMorgan Chase, told a conference of the Institute of International Finance this week. “This is the worst part and the biggest market could change.”
However, the chief executive of the Bank of America and Wells Fargo acknowledged in a statement at the IIF meeting that they had initially criticized the decline in jobs and weapons to benefit the world over. enough chains.
“Six months ago when customers gave me this all over the world. . . you wouldn’t have thought it had gotten so bad since then, “Brian Moynihan, chief executive of Bank of America, said on Tuesday.
Charlie Scharf, Wells Fargo’s general manager, expressed similar surprise at the disruption, but said he believed the problems were “temporary”.
The comments from Wall Street come at a time when Biden executives are deeply concerned that barriers could slow down the economic recovery.
The White House set up a divisional division in June to resume the remainder, instead of starting the movement, preparing food and the semiconductor operators, but that has not changed.
In a bid to highlight the growing frustration, President Joe Biden on Wednesday met with senior officials and all other stakeholders to discuss “their efforts to overcome global barriers”.
Banks like JPMorgan and Wells Fargo regularly communicate with their clients through their major financial and financial institutions, placing them close to financial risk.
“I think we understand the secret communications of global communication and in the same ways. . . “People probably don’t,” Scharf said. “The only thing we need to protect is for people to make decisions that exacerbate the problem, which are trying to add to the security situation.”
Back to back in factories, ports and shipping have been breaking chains since the end of last year when consumer demand rose from the depths of the epidemic, and continued to be widely available. These events, along with lack of staff, has also contributed to the significant increase in travel costs.
Retailers has responded to the creation of stocks, which has led to the creation of promotional and advertising campaigns during the off-season.
Moynihan said he would soon say whether the shortfall could lead to a rise in prices that make goods more affordable: “That’s the big problem right now.”
Additional reports of Joshua Franklin in New York