Bloomberg Talks JPMorgan Chase Chairman & CEO Jamie Dimon Talks Banking
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May 15, 2025 
Jamie Dimon, the Chairman and CEO of JPMorgan Chase, shares his insights on navigating the complexities of the current economic climate. He tackles potential recession risks and market volatility, emphasizing the impact of the US-China trade war. Dimon discusses the challenges banks face from non-bank competitors and the importance of innovation in maintaining relevance. He also dives into U.S. deficits and their implications for the dollar's status, while exploring growth opportunities in Europe and the Middle East.
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Uncertain Recession Outlook
- Jamie Dimon considers economists' 50% recession probability credible amid inflation and slowing growth.
- The recession size and duration are uncertain, and avoiding it isn't guaranteed.
Complex Trade Deal Uncertainty
- The U.S.-China trade deal calms markets but holds much uncertainty with complex negotiations ahead.
- Short-term triggers require cautious optimism for lasting resolutions.
Volatility Driven by Global Risks
- Significant global uncertainties like war, tariffs, and deficits contribute to ongoing market volatility.
- Predicting market calm is unrealistic given these persistent factors.