JPMorgan Chase CEO: Although progress has been made in tariff negotiations, the possibility of an economic recession cannot be ruled out

BlockBeats news, on May 15, according to CNN, JPMorgan Chase CEO Jamie Dimon stated that although progress has been made in tariff negotiations, the possibility of an economic recession cannot be ruled out. At JPMorgan's annual meeting in Paris on Thursday, Dimon said: 'I will not rule out the risk of recession at this time.'

Previously, JPMorgan economists had lowered the risk of the U.S. economy entering a recession from 60% to below 50%. The market reacted strongly to the positive progress in the China-U.S. trade negotiations, with the Dow Jones Industrial Average soaring by 1100 points at one point. Dimon stated that although he does not often meet with President Trump, he maintains communication with government officials.