JPMorgan Chase's CEO Jamie Dimon cautions about the real possibility of a recession as financial markets react to the Trump administration's tariff policies. During a Bloomberg interview, he expressed concern over the uncertainty created by trade tensions, noting that some clients are pausing their investment plans. Dimon advocates for a stable trade framework and has called for engaged negotiations, urging the administration to empower Treasury Secretary Scott Bessent to lead discussions. While JPMorgan has profited from recent market volatility, he warns that prolonged uncertainty may hinder economic growth.
Hopefully we'll avoid it, but I wouldn't take it off the table at this point,Dimon told Bloomberg Television on Thursday during JPMorgan's Global Markets Conference in Paris. If there is a recession, I don't know how big it would be or how long it would last.
The right thing to do is to back off of some of that stuff,
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