Trump tries to bolster his case with quote by man who just predicted a recession
Wednesday Morning, JPMorgan CEO Jamie Dimon told Fox Business's Maria Bartiromo "I hope what they really do is... get those [tariff deals] done quickly, if they want to calm down markets, show progress on those things."
The renowned financier also noted, "I'm taking a calm view, but I think it could get worse if we don't make some progress here."
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However, President Donald Trump selectively removed these concerns when he posted Dimon's quote to Truth Social, "'Fixing Trade and Tariffs is a good thing!' Jamie Dimon, JPMorgan Chase, Chairman & CEO, on Maria B Show!" he boasted, failing to include the full quote.
Recession fears are on the minds of many Americans as Trump's sweeping tariff plans took effect.
As Reuters reports, the 69-year-old Dimon is one of the most "prominent voices in corporate America and has regularly been consulted by administrations during times of crisis."
JPMorgan's economists raised the risk of a U.S. and global recession this year to 40% from 60% after Trump unveiled the trade barriers.
Trump Truth Social Post 04_09_2025Trump Truth Social Post 04_09_2025