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CNBC: Jamie Dimon says he still sees a recession on the horizon

August 7, 2024
crash landing of a dollar paper plane
  • JPMorgan Chase CEO Jamie Dimon said he still believes that the odds of a “soft landing” for the economy are around 35% to 40%, making recession the most likely scenario in his mind.
  • When asked if he had changed his view from February that markets were too optimistic on recession risks, Dimon said the odds were “about the same” as his earlier call.
  • Dimon added he was “a little bit of a skeptic” that the Federal Reserve can bring inflation down to its 2% target because of future spending on the green economy and military.

Read the full article on CNBC

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