JPMorgan CEO Jamie Dimon says that the US can still avoid a recession and that the Russia-Ukraine war is the biggest geopolitical threat since World War II
JPMorgan CEO Jamie Dimon said it's still possible the US can avoid a recession but added that Russia's war on Ukraine poses a big risk to the world.he told Bloomberg Monday at JPMorgan's Leveraged Finance Conference in Miami
There's a great deal of uncertainty around the war still, and no one knows how it's going to end, Dimon said, adding that it's having an impact on global relationships and energy markets, while dragging on trade between the US and China. On Monday, he reiterated his view that a soft landing is possible, in large part that's due to the strong consumer and jobs market.
Still, a mild recession or a harder recession remain on the table because broader trends around the world like the green energy transition and geopolitical uncertainty are inflationary.
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