Jim Glassman is the Managing Director and Head Economist for Commercial Banking. From regulations and technology to globalization and consumer habits, Jim's insights are used by companies and industries to help them better understand the changing economy and its impact on their businesses.
Jim's work with the firm—combined with his independent research on the principal forces shaping the economy and financial markets—has earned him regular features in the media and as an economic commentator. He is also a long-standing participant in the Federal Reserve Bank of Philadelphia's Survey of Professional Forecasters and the National Association of Business Economists' (NABE) panel of macroeconomic forecasters.
From 1979 through 1988, Jim served as a Senior Economist in the Research & Statistics and Monetary Affairs departments at the Federal Reserve Board in Washington, DC. While there, he analyzed and forecasted inflation, labor market developments, the Federal Reserve's operating strategies and interest rate markets, and he developed monetary and reserves projections. He joined Morgan Guaranty in 1988 and Chemical Bank in 1993, which, through a combination of mergers, became JPMorgan Chase & Co.
Jim earned a bachelor's degree from the University of Illinois at Urbana-Champaign and a master's degree in Economics from the University of Illinois at Chicago. He was awarded a Ph.D. in Economics from Northwestern University.
Tax cuts and new fiscal spending—among other factors—are stimulating an already growing economy, leading many to wonder if inflation is next.Read article about How Much Stimulus Can the Economy Absorb?
As many businesses are raising wages for employees, there’s concern that inflation will follow—but rising wages today are driven by structural changes, not inflationary pressures.Read article about Why Higher Wages Don’t Always Lead to Inflation
From tax reform to a changing global landscape, these are the major forces affecting the economy in the coming year.Read article about 6 Key Economic Trends for 2018