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JPMorgan CEO Dimon expects recession and defaults, urges quick trade talks in Fox Business interview

JPMorgan Chase CEO Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business' "Mornings with Maria" program.
In an interview with Fox Business, JPMorgan Chase CEO Jamie Dimon expressed his concerns about the U.S. economy, predicting a potential recession and an increase in defaults due to the Federal Reserve's interest rate hikes. He emphasized the need for swift action in trade negotiations, particularly with China, to mitigate economic risks. Dimon also commented on the recent banking crisis, suggesting that while the situation has stabilized, vigilance is still required. He advocated for a strong U.S. dollar and highlighted the importance of maintaining economic relationships with allies like Japan and Europe.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/jpmorgan-ceo-dimon-expects-recession-and-defaults-urges-quick-trade-talks-in-fox-business-interview/ar-AA1CBx6Y ]