JPMorgan CEO: Tariff Impact Could Still Lead to Recession
On May 15, JPMorgan Chase CEO Jamie Dimon stated that with the ongoing impact of tariffs affecting the global economy, a recession is still possible. In an interview that day, Dimon expressed hope to avoid such a situation, but he would not rule out the possibility at present. If a recession does occur, it is uncertain how severe it would be or how long it would last. Reports indicate that the Trump administration's tariff policies have already shaken the market for over a month. Dimon noted that due to excessive market volatility, some clients are postponing investments.
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