Dimon Warns Economy Could Deteriorate'

Cheddar News

JPMorgan CEO Jamie Dimon cautioned that the U.S. economy may soon weaken, citing rising inflation, modest job losses, and stresses from Trump-era tariffs.

Transcript

00:00JPMorgan CEO Jamie Dimon cautioned the U.S. economy may soon weaken, citing rising inflation,

00:06modest job losses, and stresses from Trump-era tariffs.

00:10Dimon noted that consumer finances have already seen a, quote, deterioration, and warned that

00:16employment will soon come down a little as tariff pressures begin to bite.

00:20Dimon emphasized that while a full-blown recession isn't yet inevitable, there is a significant

00:25risk, he says, in the months ahead as economic indicators soften.

00:29Dimon urged maintaining strong capital reserves and preparing for various scenarios, underscoring

00:35the importance of caution and growing uncertainty.

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