JPMorgan CEO Jamie Dimon says the economy ‘is weakening’

## Jamie Dimon Sees Signs of Economic Weakening

Here’s a quick rundown of what JPMorgan Chase CEO Jamie Dimon had to say about the current state of the U.S. economy, based on a recent Labor Department report:

• Economy is Slowing: Dimon believes the U.S. economy is weakening, citing a recent Labor Department report.
• Significant Payroll Revision: The Labor Department revised down nonfarm payrolls data by 911,000 jobs for the year through March 2025, the largest revision in over 20 years.
• Uncertainty About Recession: Dimon isn’t sure if the weakening economy will lead to a recession.
• Consumer Confidence Dip: While most consumers still have jobs and are spending, their confidence may be waning.
• Mixed Economic Signals: Dimon highlighted the weakening consumer alongside still-strong corporate profits.
• Potential Rate Cut: Dimon expects the Federal Reserve will “probably” reduce interest rates, but it may not significantly impact the economy.

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