{"id":124707,"date":"2025-05-23T07:53:15","date_gmt":"2025-05-23T07:53:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/124707\/"},"modified":"2025-05-23T07:53:15","modified_gmt":"2025-05-23T07:53:15","slug":"americas-most-powerful-banker-jamie-dimon-stuns-with-warning-us-faces-something-worse-than-recession","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/124707\/","title":{"rendered":"America’s most powerful banker Jamie Dimon stuns with warning US faces something worse than recession"},"content":{"rendered":"

By ALICE WRIGHT FOR DAILYMAIL.COM<\/a> <\/p>\n

Published: 22:26 EDT, 22 May 2025 | Updated: 01:46 EDT, 23 May 2025 <\/p>\n

America’s most powerful banker has warned that the US economy faces a greater threat than a recession.<\/p>\n

JPMorgan Chase CEO Jamie Dimon has warned that the threat of stagflation could still strike the US economy.\u00a0<\/p>\n

Stagflation is the combination of economic stag-nation and in-flation. Prices continue to soar at the same time as unemployment rises and economic growth slows – a triple whammy of problems.\u00a0<\/p>\n

Economists consider stagflation, last seen in the US in the 1970s, to be worse than a recession.\u00a0<\/a><\/p>\n

It would send stocks down, hitting 401(K)s and other retirement savings.\u00a0<\/p>\n

In contrast during a recession, unemployment increases and the economy shrinks – but the silver lining is that there is little or no inflation<\/a>.\u00a0<\/p>\n

‘There’s a chance that (we’ll) have stagflation (in the US),’ Dimon told Bloomberg on Thursday.\u00a0<\/p>\n

Dimon said while he was not making a certain prediction, ‘we have to be prepared for something like that.’\u00a0<\/p>\n

\"Jamie <\/p>\n

Jamie Dimon has warned that the threat of stagflation could still strike the US economy<\/p>\n

‘Global fiscal deficits are inflationary. I think the remilitarization of the world is inflationary. The restructuring of trade is inflationary,’ he said during the TV interview.\u00a0\u00a0<\/p>\n

At JPMorgan’s annual investor’s day on Monday, Dimon said that the chances of stagflation returning are probably twice that of what others have projected.<\/p>\n

The billionaire also said that markets were showing an ‘extraordinary amount of complacency’<\/a> in the face of the economic threats of Trump’s tariffs.<\/p>\n

Dimon said the full effect of Trump’s aggressive trade policies have yet to be felt.\u00a0<\/p>\n

Dimon is not alone, with a host of major economists also warning that stagflation could return<\/a>.\u00a0<\/p>\n

‘Directionally, it is stagflation,’ Mark Zandi, chief economist at Moody’s Analytics, warned back in March.<\/p>\n

‘It’s higher inflation and weaker economic growth that is the result of policy – tariff policy and immigration policy.’<\/p>\n

This is not the first time Dimon has warned that the US economy is in peril in recent months.\u00a0<\/a><\/p>\n

\"Dimon <\/p>\n

Dimon previously described President Trump’s tariff strategy as ‘pretty extreme’\u00a0<\/p>\n

\"The <\/p>\n

The banker has made several concerning warnings about the economy in recent months\u00a0<\/p>\n

Last month the banker predicted that the economy was likely headed towards a recession.\u00a0\u00a0<\/p>\n

‘Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth,’ Dimon told investors.\u00a0<\/p>\n

Dimon\u00a0has run JPMorgan Chase, the largest US bank, for 19 years and is one of the most prominent voices in corporate America<\/a>.\u00a0\u00a0<\/p>\n

The bank, which has prominent retail as well as investment arms, has become\u00a0the world’s biggest and most powerful bank with $4 trillion<\/a>\u00a0in assets under Dimon.\u00a0<\/p>\n

The banker has a net worth of $2.5 billion, according to Forbes.\u00a0\u00a0<\/p>\n

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