Jamie Dimon Sees ‘Easy 20 Percent’ Drop in Stocks but Warns It Could Be Worse

JP Morgan Chase CEO Jamie Dimon testifies before the House Financial Services Committee on Capitol Hill in Washington on April 10, 2019. Mandel Ngan/AFP via Getty Images

JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession.

Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction.