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

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,"…