JPMorgan Chase CEO Jamie Dimon warns recession still possible: ‘I wouldn’t take it off the table’

New York Post - May 15th, 2025
Open on New York Post

JPMorgan Chase CEO Jamie Dimon expressed concerns about a potential recession, citing the ongoing repercussions of the Trump administration's tariff policies. Speaking at the Global Markets Conference in Paris, Dimon highlighted the uncertainty introduced by President Trump's tariff announcements and the subsequent market volatility. He noted that some clients are delaying investments due to the instability and advocated for a stable trade framework to mitigate these risks. While JPMorgan has seen benefits from market fluctuations, Dimon warned of fraying global sentiment towards the US, although he remains optimistic about America's long-term investment potential.

In contrast, investor Steve Cohen estimated a 45% chance of a US recession, pointing to significant slowing in growth and the Federal Reserve's cautious stance on interest rates amid inflation concerns from tariffs. Both Dimon and Cohen acknowledged the possibility of economic slowdowns, with Cohen remarking on potential sideways trading for equities. The broader implications of these developments include potential impacts on global trade relations and economic growth, underscoring the need for diplomatic negotiations and strategic economic planning.

Story submitted by Fairstory

RATING

6.8
Fair Story
Consider it well-founded

The news story provides a timely and relevant analysis of potential economic challenges, focusing on Jamie Dimon's warning of a recession and the impact of tariff policies. It is generally accurate, with credible sources like Dimon and Cohen lending authority to the narrative. However, the story would benefit from additional verification of specific economic claims and a broader range of perspectives to enhance balance. The article is clear and engaging, effectively communicating complex economic concepts to a general audience. While it addresses issues of public interest and has the potential to influence discussions on economic policy, it could further explore the controversies surrounding trade policies and their implications. Overall, the story is a valuable contribution to the conversation on economic stability, though it could be strengthened by more comprehensive sourcing and analysis.

RATING DETAILS

7
Accuracy

The news story about Jamie Dimon's warning of a potential recession is generally accurate but requires some verification of specific claims. The story accurately reports Dimon's comments during the JPMorgan Global Markets Conference, including his caution about a recession and the impact of tariff policies on market volatility. However, it would benefit from additional verification of the specific tariffs mentioned and their direct effects on client investment decisions. The mention of JPMorgan's financial performance aligns with available data, but further confirmation of the exact figures and their context is necessary to ensure precision. Overall, the story presents a truthful account of Dimon's views, though it could be strengthened by more detailed source support and verification of specific economic forecasts and impacts.

6
Balance

The story predominantly focuses on Jamie Dimon's perspective, which provides a high-level view of economic concerns related to tariffs and potential recession. While Dimon's viewpoint is critical, the article includes a secondary perspective from Steve Cohen, offering a slightly different economic outlook. However, the story could achieve better balance by incorporating additional expert opinions or contrasting views from economists or policymakers who may have differing analyses of the situation. This would enrich the narrative and provide readers with a broader understanding of the economic landscape and the varying opinions on the potential for a recession.

8
Clarity

The article is well-structured and uses clear language to convey complex economic concepts, making it accessible to a general audience. The logical flow from Dimon's comments to Cohen's perspective provides a coherent narrative that guides the reader through the economic implications of current policies. The tone is neutral and informative, avoiding sensationalism, which aids in maintaining clarity. However, some sections could benefit from further elaboration, particularly those discussing the specific economic impacts of tariffs, to ensure comprehensive understanding.

7
Source quality

The article cites credible sources, such as Jamie Dimon and Steve Cohen, both of whom are respected figures in the financial industry. Their insights lend authority to the story, given their positions and expertise. However, the article does not provide direct quotes or references to additional sources that might offer corroborating or opposing views. Including a wider variety of sources, such as economic analysts or academic experts, would enhance the reliability and depth of the reporting. The reliance on high-profile figures lends credibility, but broader sourcing would improve the overall quality.

6
Transparency

The article provides a clear context for Jamie Dimon's statements, mentioning the specific event where he made these comments. However, it lacks transparency in detailing the methodology behind the economic forecasts mentioned, such as the predicted GDP slowdown or the specific impacts of tariffs. The story could improve transparency by explaining the basis for these economic predictions and the criteria used to assess the likelihood of a recession. Additionally, disclosing any potential conflicts of interest, such as JPMorgan's financial interests in the outcomes of these economic situations, would enhance the article's transparency.

Sources

  1. https://www.businessinsider.com/recession-outlook-jamie-dimon-tariffs-us-economy-china-trade-war-2025-5
  2. https://ktvz.com/money/cnn-business-consumer/2025/05/15/jamie-dimon-continues-to-warn-of-recession-despite-pullback-in-china-tariffs/
  3. https://www.roic.ai/news/dimon-on-recession-odds-i-wouldnt-take-it-off-the-table-05-15-2025
  4. https://keyt.com/news/money-and-business/cnn-business-consumer/2025/05/15/jamie-dimon-continues-to-warn-of-recession-despite-pullback-in-china-tariffs/