07 April 2023

‘Another weight on the scale’ towards recession": JPMorgan Chase CEO Dimon on recent banking turmoil

Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession. #CNN #News

30,003 views Apr 7, 2023

March’s Decent Jobs Report Suggests One More Fed Rate Hike

Solid employment growth also raises the odds of a soft landing. But the Federal Reserve’s 2% inflation goal seems as elusive as ever.

Long read

BANKS

Jamie Dimon Says Bank Turmoil Is ‘Weight on the Scales’ for Recession

Brian Swint

April 7, 2023 4:36 am ET

Order Reprints
Print Article

JPMorgan Chase JPM –0.11% Chief Executive Officer Jamie Dimon said that the recent market jitters for banks make a recession more likely.

The episode is “another weight on the scale” leaning toward economic contraction, he said in an interview with CNN broadcast Thursday. “It won’t necessarily force a recession, but it is recessionary.”

Benzinga

Jamie Dimon Warns Of 'Another Weight On The Scale' After Banking Crisis: 'Don't Want This Domino Effect'

JPMorgan Chase CEO Jamie Dimon on Thursday said that the recent banking crisis in the U.S. puts "another weight on the scale" towards...

11 hours ago

'Another weight on the scale' towards recession - YouTube

www.youtube.com › watch

Speaking in his first interview since the failure of Silicon Valley Bank, JPMorgan Chase CEO Jamie Dimon said that while the banking system ...

YouTube · CNN · 7 hours ago

'Another weight on the scale' towards recession - Google News

news.google.com › rss › articles

'Another weight on the scale' towards recession: Dimon on recent banking turmoil · Comments.

Google News · CNN · 7 hours ago

There are storm clouds ahead for the economy, JPMorgan ...

www.cnn.com › jpmorgan-ceo-jamie-dimon-poppy-harlow

... banking system is strong and sound, the recent turmoil around the financial system is “another weight on the scale” towards recession.

CNN · Nicole Goodkind · 8 hours ago

The Hill on Twitter: "JPMorgan CEO says banking crisis puts ...

twitter.com › thehill › status

JPMorgan CEO says banking crisis puts "another weight on the scale" toward recession https://trib.al/ryRVIgw. Image. 11:16 AM · Apr 7, 2023.

Twitter · 14 hours ago

The Hill on Twitter: "JPMorgan CEO says banking crisis puts ...

twitter.com › thehill › status

... "another weight on the scale" toward recession https://trib.al/ ... There's been a recession on the way for the last year and a half now ...

Twitter · 22 hours ago