Here's What Big Bank CEOs Are Saying About Tariffs and the Economy

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Here's What Big Bank CEOs Are Saying About Tariffs and the Economy

//business-finance.news-articles.net/content/202 .. os-are-saying-about-tariffs-and-the-economy.html

Published in Business and Finance on Friday, April 11th 2025 at 12:40 GMT by Investopedia
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Executives from across the banking industry spoke on Friday about the uncertainty surrounding the Trump administration's tariffs, the stock market, and the possibility of a recession.

2025-04-11 312 x 208 / 100602 Bytes

In a recent discussion, CEOs from major banks like JPMorgan Chase, Bank of America, and Citigroup expressed concerns about the impact of tariffs and the broader economic environment. JPMorgan's Jamie Dimon highlighted the potential for tariffs to increase costs and disrupt supply chains, though he remains cautiously optimistic about the U.S. economy's resilience. Bank of America's Brian Moynihan noted that while tariffs could lead to higher prices for consumers, the bank's clients are adapting to the new trade environment. Citigroup's Jane Fraser emphasized the importance of monitoring global economic indicators closely, as uncertainties around tariffs could affect international trade and economic growth. Overall, the bank leaders acknowledged the challenges posed by tariffs but also pointed to the adaptability and strength of the U.S. economy.

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