JPMorgan CEO Jamie Dimon Puts the Odds of a Recession at a Coin Flip, But He Says This Economic Cycle Is Different For 1 Reason
Two days after President Donald Trump issued a 90-day pause on higher tariff rates for most countries except China, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon warned that the "economy is facing considerable turbulence," citing concerns of trade wars, persistent inflation, and fiscal deficits. In JPMorgan's first-quarter earnings call this morning, Dimon placed the odds of a recession at a 50-50 coin flip.Yet despite his ongoing concerns about the economy and the administration's trade negotiations, Dimon said he's less concerned about a recession in the current climate and has other things on his mind during this economic cycle for one reason, in particular.Continue reading
Two days after President Donald Trump issued a 90-day pause on higher tariff rates for most countries except China, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon warned that the "economy is facing considerable turbulence," citing concerns of trade wars, persistent inflation, and fiscal deficits. In JPMorgan's first-quarter earnings call this morning, Dimon placed the odds of a recession at a 50-50 coin flip.
Yet despite his ongoing concerns about the economy and the administration's trade negotiations, Dimon said he's less concerned about a recession in the current climate and has other things on his mind during this economic cycle for one reason, in particular.
