Jamie Dimon predicts a potential recession in the future.

• According to JPMorgan Chase CEO Jamie Dimon, the probability of a "soft landing" for the economy is approximately 35% to 40%, with a recession being the most likely outcome.
• Dimon stated that the odds of recession risks are roughly the same as his earlier assessment, when asked by CNBC's Leslie Picker.
• Dimon expressed skepticism that the Federal Reserve can achieve its 2% inflation target due to future spending on the green economy and military.

Jamie Dimon, CEO, stated on Wednesday that he believes the probability of a "soft landing" for the U.S. economy is approximately 35% to 40%, with a recession being the most likely outcome in his view.

Dimon stated that the odds of recession risks are roughly the same as his earlier assessment, when asked by CNBC's Leslie Picker.

""Geopolitics, housing, deficits, spending, quantitative tightening, and elections are all factors that cause uncertainty in markets, according to Dimon," he stated."

Since 2022, Dimon, the leader of the largest U.S. bank by assets and a highly respected voice on Wall Street, has warned of an economic "hurricane." However, the economy has performed better than he anticipated, and Dimon stated on Wednesday that while credit-card borrower defaults are increasing, America is not currently in a recession.

Dimon expressed skepticism that the Federal Reserve can achieve its 2% inflation target due to future spending on the green economy and military.

"Dimon stated that there is always a wide range of possible outcomes. Although he is fully optimistic that even a severe recession would not negatively impact them, he understands the difficulties faced by those who lose their jobs. He emphasized the need to avoid a hard landing."