JPMorgan Chase CEO Jamie Dimon has issued a fresh recessionary warning for the U.S. economy, saying that while consumers still appear to be in “good shape,” the trillions of dollars in extra money they got during the pandemic are running out and the government is running a “huge” deficit that will affect markets, scuppering any “soft landing” scenarios.
Mr. Dimon made the remarks in an interview on Fox News’ “Mornings with Maria” on Tuesday, in which he pointed to a range of factors affecting the economy that he expects to culminate in a recession.
