JPMorgan CEO Jamie Dimon Puts the Odds of a Recession at a Coin Flip, but He Says This Economic Cycle Is Different for 1 Reason

Two days after President Donald Trump issued a 90-day pause on higher tariff rates for most countries except China, JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon warned that the "economy is facing considerable turbulence," citing concerns of trade wars, persistent inflation, and fiscal deficits. In JPMorgan's first-quarter earnings call this morning, Dimon placed the odds of a recession at a 50-50 coin flip.Yet despite his ongoing concerns about the economy and the administration's trade negotiations, Dimon said he's less concerned about a recession in the current climate and has other things on his mind during this economic cycle for one reason, in particular.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool