Jamie Dimon doesn't think this year's economic resurgence will be a one-hit wonder.
In his annual letter, the JPMorgan Chase boss said he has "little doubt" that the US economy "will likely boom" for several reasons: excess savings, new stimulus spending, a likely infrastructure package, stimulus from the Federal Reserve and euphoria over the end of the pandemic.
"This boom could easily run into 2023 because the spending could extend well into 2023," Dimon wrote.
In a phone interview with CNN Business, Dimon said he hasn't felt this optimistic about the US economy in a "long time."
"The circumstances are quite good, though some people are still being left behind. And we're coming out of Covid, thank God," he said.
A chorus of economists have sharply marked up their growth forecasts in recent months as the rollout of vaccines accelerated and the Biden administration enacted a $1.9 trillion rescue package.
The IMF predicted this week that the US economy will expand this year at the fastest pace since 1984 under President Reagan.