JPMorgan CEO Jamie Dimon Warns of Potential U.S. Recession Despite Trade Progress
JPMorgan Chase CEO Jamie Dimon cautioned that a U.S. recession remains possible despite recent positive developments in U.S.-China trade relations. Speaking to Bloomberg Television, Dimon characterized the tariff rollbacks as "the right thing to do" but emphasized lingering economic uncertainties.
The warning comes just one week after the U.S. and China reached a trade agreement in Geneva. Dimon declined to predict the potential severity or duration of a downturn, though he expressed hope the economy could avoid contraction altogether.
Market pressures continue to mount from multiple fronts, Dimon noted, though he stopped short of detailing specific concerns. The comments reflect Wall Street’s cautious stance even as cryptocurrency markets show renewed vigor.
