Jamie Dimon: ‘Take a deep breath’: Jamie Dimon warns

JPMorgan Chase CEO Jamie Dimon On Wednesday, warned that the tariff imposed by US President Donald Trump can widely push the US economy into recession and financial instability, as the markets come out of the growing trade war with China.
According to Fox Business, Dimon said, “I think perhaps a slowdown is a possible result,” saying that the recent market falls deepening the apprehensions. “When you see a decline of 2,000 points in the dow, it feeds on its own … it makes you feel that you are losing money in your 401 (K), you’re losing money in your pension. You’ve found to cut back,” he said.
According to his comments, China announced 84% tariff on all American goods, up to 50 percent marks from previous levels, up to 50 percent from previous levels, according to his comments. Trade tension has sent shockwaves through financial markets, which have more than 800 points and Shocking 20 basis points jumping yield.
Dimon admitted that the tariff “somewhat explosives” are creating and urge white House To speed up business talks. He said, “Take a deep breath, talk on some business deals. It is best that they can,” he said, warning that the situation “if we don’t make anything here” can be spoiled. ,
JP Morgan Economists now hope that the US economy will be reduced by 0.3% in 2025, which predicts a mild recession after years of continuous growth. According to Dimon, the market’s slowdown is pricing in “Macro level uncertainty and uncertainty at the company level”, affecting consumer spirit and business activity.
Dimon’s concerns also reach the lending area. He warned that rising interest rates, sticky inflation and widening credit spreads, which will lead to more lapse. “I think you will see more credit problems,” he said, the IPO is being canceled and some bond deals are collapsing amidst instability.
He said, “What is a bad part of these unstable markets … what does it do for the ability to raise money for capital markets and companies,” they explained. He said, “We have already lost some bond deals. They just say, you know, we will do so with an American bank just with an American bank”, he said.
Despite defending the tariff once, in January, telling the CNBC that “a little inflation to preserve national security will be worth it”, Dimon’s tone has now moved. In his annual letter earlier this week, he wrote that the economy is facing “considerable disturbance” and warned that the long -term impact of the tariff can be harmful.
While Dimon Corporate is one of America’s most influential voices, his name for senior economic roles during the 2024 campaign, he lived in JP Morgan. On Wednesday, he also supported the nomination of Fed Governor Michelle Boman as vice -president for supervision, requested Managing committee To confirm that.