JPMorgan Chase chief executive Jamie Dimon says that he still would not rule out the possibility of the US entering an economic recession.
In a new Bloomberg Television interview, Dimon says mounting uncertainty around tariffs and geopolitical tensions could increase inflation and slow down the economy.
“I’m going to defer to our economists who give [a recession] about a 50% chance…
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If there’s a recession, I don’t know how big it will be or how long it will last. Hopefully we’ll avoid it, but I wouldn’t take it off the table at this point.”
Dimon says economic uncertainty includes ongoing wars and conflicts around the world, as well as unresolved issues in the United States, such as a growing budget deficit and a
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