JPMorgan Chase CEO Jamie Dimon says post-pandemic economic boom "could extend well into 2023"

America's best-known banker thinks the U.S. economy is set to take off as the coronavirus abates. JPMorgan Chase CEO Jamie Dimon predicts in his annual letter to shareholders that widespread vaccinations, coupled with more government spending, could propel the recovery for several years.

"[W]ith excess savings, new stimulus savings, huge deficit spending, more [quantitative easing], a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom. This boom could easily run into 2023 because all the spending could extend well into 2023," Dimon wrote. Consumers are likely to lead the resurgence, according to Dimon. An infusion of government cash in the form of unemployment benefits and economic relief payments helped boost the personal savings rate to levels not seen since the 1970s, according to Commerce Department data. Even before the most recent round of stimulus checks went out, Americans had about $2 trillion saved up, Dimon estimated.