On May 15th, according to CNN, Jamie Damon, CEO of JPMorgan Chase, stated that although progress has been made in tariff negotiations, the possibility of an economic recession cannot be ruled out. At JPMorgan's annual meeting in Paris on Thursday, Damon said, 'I won't rule out the risk of a recession at this time.'. Previously, JPMorgan economists had lowered the risk of the US economy entering a recession from 60% to below 50%. The market reacted strongly to the positive progress of the US China trade negotiations, with the Dow Jones index soaring by 1100 points at one point. Damon stated that although he does not frequently meet with President Trump, he maintains communication with government officials.
