JPMorgan’s Dimon on possibility of recession: ‘I wouldn’t take it off the table’

JPMorgan Chase CEO Jamie Dimon warned that a U.S. recession remains a possibility, citing concerns over the national deficit, rising interest rates, and inflation. While JPMorgan economists recently lowered recession odds to below 50%, Dimon emphasized ongoing economic uncertainty, especially due to shifting U.S. trade policies. He noted that delayed tariffs and a 90-day trade truce with China have helped ease tensions, but uncertainty continues to hinder investment.
Dimon said this climate has benefited JPMorgan’s trading operations but may not always have positive effects. BlackRock CEO Larry Fink echoed similar concerns, pointing to massive cash reserves held amid global uncertainty.