JPMorgan Chase CEO Jamie Dimon Warns He Stills Believes a US Recession Is Coming

Jamie Dimon, the chief executive of JPMorgan Chase, warned that the chance of the U.S. economy making a “soft landing” is not a certainty, coming amid volatility spikes seen in the major U.S. stock indexes over the past week. “There’s a lot of uncertainty out there,” Dimon told CNBC on Wednesday. “I’ve always pointed to geopolitics, housing, the deficits, the spending, the quantitative tightening, the elections, all these things cause some consternation in markets.” For the past few years, Dimon has been issuing warnings about persistently high inflation and whether a soft landing, meaning the economy would avoid a recession, is feasible....