US economy at risk of deterioration in coming months: Jamie Dimon

Jamie Dimon, CEO of JPMorgan Chase, warned that the positive effects of generous government spending and pandemic-era monetary easing have faded, leaving the US economy vulnerable to a potential downturn in the near future.

Speaking at a conference hosted by Morgan Stanley on June 11, Dimon said “there is a chance real numbers will deteriorate soon.”

He downplayed the reliability of consumer and business sentiment surveys, emphasizing that such indicators typically fail to anticipate key economic turning points.

Dimon also cautioned that hopes for a “soft landing”—reducing inflation without hurting growth or employment—are becoming less likely.

“Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it’s just a little bit,” he said.

The CEO pointed to declining immigration rates as an additional headwind, noting it complicates the broader economic outlook.