JPMorgan CEO Jamie Dimon expects recession and defaults, urges quick trade talks

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Open this photo in gallery: JPMorgan CEO Jamie Dimon is interviewed by Maria Bartiromo on the "Mornings with Maria Bartiromo" program, on the Fox Business Network, in New York Wednesday, April 9, 2025Richard Drew/The Associated Press JPMorgan Chase CEO Jamie Dimon said on Wednesday that sweeping tariffs imposed by U.S. President Donald Trump will probably lead to a recession and defaults by borrowers, he told Fox Business’ “Mornings with Maria” program. “So long as you have rates going up ... inflation is sticky and credit spreads are gapping out, which they’re going to, I think you’ll see more credit problems,”...