(C) BoingBoing
This story was originally published by BoingBoing and is unaltered.
. . . . . . . . . .
Recession is "likely" admits JP Morgan CEO to Fox News (video) [1]
['Carla Sinclair']
Date: 2025-04-09
While Donald Trump promises that his tariffs will be "legendary," JP Morgan Chase's Jamie Dimon warns that a "probable" recession is about to hit.
The CEO sounded the alarm this morning on Fox News, when host Maria Bartiromo asked, "Do you personally expect a recession?"
To which Dimon did not think twice. "Probably," he answered. "It's a likely outcome." (See video below, posted by Republicans against Trump.)
So much for Donald Trump's Day One promise, when, on Jan 20, he erroneously stated, "The Golden age of America begins right now."
🚨Question: Do you personally expect a recession?
J.P. Morgan CEO Jamie Dimon: I think probably. That's a likely outcome.
What happened to the Golden Age?pic.twitter.com/KxeBcqnriE — Republicans against Trump (@RpsAgainstTrump) April 9, 2025
Previously: Trump is playing chicken with the economy
[END]
---
[1] Url:
https://boingboing.net/2025/04/09/recession-is-likely-admits-jp-morgan-ceo-to-fox-news-video.html
Published and (C) by BoingBoing
Content appears here under this condition or license: Creative Commons BY-NC-SA 3.0.
via Magical.Fish Gopher News Feeds:
gopher://magical.fish/1/feeds/news/boingboing/