JPMorgan Chase CEO Jamie Dimon at the 2013 World Economic Forum in Davos, Switzerland on January 23, 2013 (Remy Steinegger for World Economic Forum/Flickr)
During a Wednesday morning, April 9 appearance on Fox Business' "Mornings With Maria," JPMorgan Chase CEO Jamie Dimon acknowledged that President Donald Trump's steep new tariffs will "probably" lead to a recession.
Dimon told Fox Business' Maria Bartiromo that he is hearing "recessionary talk" with other business leaders and said that a recession is a "likely outcome" of Trump's tariffs.
The JPMorgan Chase CEO predicted that there will be "more credit problems than people have seen in a long time," noting, "We haven't had any slowdown or real recession.... in so long."
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MSNBC hosts Joe Scarborough and Mika Brzezinski discussed Dimon's predictions with reporter Christine Romans on their show "Morning Joe." Romans warned that there could be economic pain ahead for Americans, commenting, "Recessions are a bad, bad thing…. They hurt people."
Scarborough, a Never Trump conservative and scathing critic of Trump's tariffs, warned, "We're going to see some small businessowners going out of business."
Dimon's analysis is also receiving plenty of responses on X, formerly Twitter.
KrassenCast's Brian Krassenstein tweeted, "BREAKING: As the DOW plunges again, JP Morgan's Jamie Dimon, just suggested that we are headed towards a recession that he thinks 'we will see more credit problems than people have seen in a long time.' What a complete mess that was totally unavoidable. TRUMPCRASH!"
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Krassenstein also posted, "BREAKING: Jamie Dimon says that he expects a recession. 'It's a likely outcome.' I don't remember any recessions under Biden, do you?"
Podcast host Evan Kirstel noted, "JP Morgan's Jamie Dimon, just suggested that we are headed towards a recession that he thinks 'we will see more credit problems than people have seen in a long time.'"
CNBC's Michael Wayland tweeted, "Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoil."
The Wall Street Journal's Juan Forero noted Dimon's comment, "I am going to defer to my economists at this point."
X user Amber Puga observed, "Even FOX Business Maria Bartiromo is now predicting a recession. Every newspaper I read today and this past weekend the @FT and @WSJ also all point to a recession."
Conservative radio host Doug Kellett posted, "JD enabled Trump (by) not speaking out strongly against Tariffs. Now, he is seeing the light: Jamie Dimon Flip-Flops on Trump Tariffs — Now Warns of 'Greater Probability of Recession' After Previously Telling Investors to 'Get Over it."
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