JPMorgan CEO Warns of Recession Due to Tariffs

In a recent interview with Fox Business Network, JPMorgan Chase & Co CEO Jamie Dimon expressed concerns that President Donald Trump's tariff policies could lead to a recession. "I think probably that's a likely outcome," Dimon stated, highlighting the potential for market volatility to exacerbate economic downturns.

Market Reactions and IPO Cancellations

Dimon pointed out the significant impact of tariffs on the stock market, including a 2,000-point decline in the Dow Jones Industrial Average. He also mentioned that the uncertainty has led several companies to postpone their initial public offerings (IPOs), signaling a cautious approach from the business community.

Uncertainty at Macro and Micro Levels

The CEO elaborated on how tariffs introduce uncertainty not just at the macroeconomic level but also at the individual company level, affecting consumer sentiment and business decisions. This dual-layered uncertainty is what markets are currently pricing in, according to Dimon.