JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession.
Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction.
He said that Wall Street could suffer another “easy 20 percent” drop, plunging the S&P 500 below 3,000 to a level not seen since the height of the pandemic.
“I don’t know if it could be a soft landing—I don’t think so, but it might,” regarding a market plunge, believing that there would be a mild or a severe recession….