JPMorgan Chase CEO warns of risks of U.S. recession, rising inflation, and stagflation

According to Mars Finance, Jamie Dimon, CEO of JPMorgan Chase, recently said that he would not rule out the possibility of stagflation, although confidence is growing that inflation is beginning to ease. Dimon warned at the fall meeting of the Council of Institutional Investors in Brooklyn, New York that despite signs of a cooling economy, serious risks remain. He said: "I think the worst outcome is stagflation - recession, higher inflation... I would not rule it out." Dimon expressed concern about the inflationary pressures that may persist, and he mentioned factors such as increased government spending and rising deficits. He pointed out that while inflation data is improving, indicators such as employment and manufacturing show that the economy is under pressure. He warned: "These are all inflationary, basically in the short term, for the next few years." He stressed that despite some positive economic signals, there are still major uncertainties, and inflationary pressures may drag down the US economy. Dimon has been warning about the economic slowdown, and he pointed out in August that the probability of a "soft landing" is only 35% to 40%, indicating that a recession may be a more likely outcome. He pointed to various uncertainties such as geopolitics, housing and spending. At the same time, JPMorgan Chase has increased the probability of a recession in the United States this year. (Bitcoin.com)