JPMorgan CEO warns of recession

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he still sees a recession on the horizon. JPMorgan Chase CEO Jamie Dimon said Wednesday that he still believes the probability of a “soft landing” for the U.S. economy is around 35% to 40%, with a recession the most likely scenario in his mind. Dimon added that he is “a little skeptical” that the Fed can lower inflation to its 2% target because of future spending on the green economy and the military. Dimon said in an interview with CNBC that there is still a lot of economic uncertainty due to factors such as geopolitics and quantitative tightening. “There’s always a wide range of outcomes. If we have a mild recession or even a more severe recession, I’m completely optimistic that we’re going to be fine. You don’t want a hard landing,” Dimon said.