Jamie Dimon on tariffs, markets, and a possible upcoming recession - "it's a likely outcome"

JPMorgan Chase CEO Jamie Dimon said a U.S. recession remains a live possibility as tariff uncertainty continues to ripple through markets and corporate planning. In remarks tied to JPMorgan’s annual Global Markets Conference in Paris, he said the Trump administration’s tariff policies were likely to be inflationary and to slow the economy, adding that he would not rule recession out and did not know how severe or long it might be if it arrives. The broader context is that Dimon has been consistently warning that the economic shock from tariffs could weaken growth even if the U.S. remains an attractive place for investment. Earlier comments captured in press coverage and video excerpts show him describing recession as a “likely outcome” and saying markets may be correctly pricing in uncertainty at both the macro and company level, while JPMorgan economists’ recession odds reportedly moved lower after a partial tariff pause but still reflected meaningful risk. The story matters because Dimon is one of the most closely watched bankers in global markets, and his comments influence how investors interpret the trade-off between inflation, growth, and policy uncertainty.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Dimon Says Recession Remains a Possibility on Tariff Fallout (bloomberg.com)
• Jamie Dimon says a US recession is still a possibility | Fox Business (foxbusiness.com)
• JPMorgan Chase's Jamie Dimon talks tariffs and the possibility of a ... (inquirer.com)

Explore the topic

• Markets
• Tariff