JPMorgan CEO Dimon Says Recession Not Off the Table Yet

Watch JPMorgan CEO Dimon Says Recession Not Off the Table Yet - Bloomberg on Dailymotion

Transcript

00:00What did you learn in the last month?

00:02Not much, other than we have all this uncertainty.

00:06Some preceded the new administration, like we had large deficits, interest rates going

00:11up, inflation going up, and some are tariffs and things.

00:15And of course, the geopolitical situation is very tense, very difficult and hard to resolve.

00:20Okay, so if you forget projections, numbers, what's your hunch?

00:23Is the U.S. going to go into recession or not?

00:25Look, I'm going to defer to economists who give it about a 50 percent chance.

00:29I think all these things are probably inflationary a little bit more and slowing down the economy.

00:35If there's a recession, I don't know how big it'll be or how long it'll last.

00:39Hopefully we'll avoid it, but I wouldn't take it off the table at this point.