Jamie Dimon Warns US Recession ‘Not Off the Table’ Yet

JPMorgan CEO says Fed should wait before cutting rates
Says Trump an ‘amazing political figure,’ but unpredictable

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By Harry Brumpton

March 11, 2024 at 10:09 PM UTC

Updated on

March 12, 2024 at 2:37 AM UTC

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Jamie Dimon said he wouldn’t take the prospect of a recession in the US “off the table,” but that the Federal Reserve should wait before it cuts interest rates.

“The world is pricing in a soft landing, at probably 70-80%,” the JPMorgan Chase & Co. chief executive officer said via video link at the Australian Financial Review Business Summit in Sydney on Tuesday. “I think the chance of a soft landing in the next year or two is half that. The worst case would be stagflation.”