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JPMorgan Chase CEO Jamie Dimon said a recession was still possible in the country. The CEO cautioned of a recession a week after the U.S. inked a trade agreement with China in Geneva, Switzerland. Dimon said the recent rollback of tariffs between the U.S. and China was the right thing to do.  During an interview with Bloomberg Television on Thursday, the CEO of JPMorgan Chase, Jamie Dimon, said there was still a possibility for a recession in the U.S. The CEO noted that if there was a recession, he didn’t know how big it would be. Dimon added that he could not tell how long the recession would last. The CEO stated that he was hopeful the country would avoid the recession. Dimon explained that the recession was due to continued uncertainties mounting pressure on markets and the economy. He cited issues like America’s increasing debt load, geopolitical conflicts, tariffs, and rising interest rates. JPMorgan CEO warns of a recession JPM drops US recession risk back under 50% raising 2025 GDP estimate to +0.6% from +0.2% Chief Economist Feroli also pushes back first #FOMC rate cut to Dec (from Sept). “The administration’s recent dialing down of some of the more draconian tariffs placed on China should… pic.twitter.com/q8TVYHg4Ma — Neil Sethi (@neilksethi) May 13, 2025 Dimon noted that he would defer to economists at his bank who gave the recession a 50 percent chance of happening. JPMorgan’s Chief Economist, Michael Feroli, said on Tuesday that the outlook for a recession was still elevated. The economist added that the outlook was below 50 percent.  According to Dimon, even with the pauses in tariffs, the taxes on imported goods were still higher than they were a year ago. The higher taxes on goods imported from China to the United States could lead to…

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Filed under: News - @ May 15, 2025 8:27 pm