During an interview, JPMorgan Chase's CEO Jamie Dimon expressed concerns about a possible US recession due to the effects of President Trump's tariffs. Dimon mentioned that the negative impact on markets could worsen without progress in trade policies. Although he had previously refrained from predicting a recession in his shareholder letter, Dimon now stated that it is a probable outcome. The chief US economist at JPMorgan, Michael Feroli, recently forecasted a recession in 2025 because of the tariffs. Dimon also discussed potential consequences such as increased stress among bank borrowers and higher credit problems if interest rates rise, inflation persists, and credit spreads widen. As Wall Street faces mounting challenges like delayed IPOs and mergers, JPMorgan's upcoming first-quarter earnings report may shed more light on the bank's situation. Despite the turmoil, Dimon expressed support for President Trump's efforts to improve trade conditions for the US. Treasury Secretary Scott Bessent downplayed concerns about the bond market turmoil, describing it as a normal deleveraging process rather than a systemic issue. President Trump praised Dimon's remarks on trade and tariffs, emphasizing the importance of addressing these concerns for the benefit of the country.