JPMorgan
Chase
CEO
Jamie
Dimon
said
Wednesday
he
still
believes
that
the
odds
of
a
“soft
landing”
for
the
U.S.
economy
are
around
35%
to
40%,
making
recession
the
most
likely
scenario
in
his
mind.
When
CNBC’s
Leslie
Picker
asked
Dimon
if
he
had
changed
his
view
from
February
that
markets
were
too
optimistic
on
recession
risks,
he
said
the
odds
were
“about
the
same”
as
his
earlier
call.
“There’s
a
lot
of
uncertainty
out
there,”
Dimon
said.
“I’ve
always
pointed
to
geopolitics,
housing,
the
deficits,
the
spending,
the
quantitative
tightening,
the
elections,
all
these
things
cause
some
consternation
in
markets.”
Dimon,
leader
of
the
biggest
U.S.
bank
by
assets
and
one
of
the
most
respected
voices
on
Wall
Street,
has
warned
of
an
economic
“hurricane”
since
2022.
But
the
economy
has
held
up
better
than
he
expected,
and
Dimon
said
Wednesday
that
while
credit-card
borrower
defaults
are
rising,
America
is
not
in
a
recession
right
now.
Dimon
added
he
is
“a
little
bit
of
a
skeptic”
that
the
Federal
Reserve
can
bring
inflation
down
to
its
2%
target
because
of
future
spending
on
the
green
economy
and
military.
“There’s
always
a
large
range
of
outcomes,”
Dimon
said.
“I’m
fully
optimistic
that
if
we
have
a
mild
recession,
even
a
harder
one,
we
would
be
okay.
Of
course,
I’m
very
sympathetic
to
people
who
lose
their
jobs.
You
don’t
want
a
hard
landing.”
