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The debate builds over the resilience of the expansion, the health of the labor market, and the durability of the consumers. At the same time, questions arise over growth without jobs and the Fed’s responsibility to it.

Speakers:

Bruce Kasman

Joseph Lupton

This podcast was recorded on 12 September 2025.

This communication is provided for information purposes only. Institutional clients please visit www.jpmm.com/research/disclosures for important disclosures. © 2025 JPMorgan Chase & Co. All rights reserved.

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