By Callum Keown
President Donald Trump's latest tariffs likely will increase inflation, JPMorgan Chase CEO Jamie Dimon said Monday as he warned that "unprecedented forces" have made the bank very cautious.
"The recent tariffs will likely increase inflation and are causing many to consider a greater probability of a recession," Dimon said in a letter to shareholders. "And even with the recent decline in market values, prices remain relatively high. These significant and somewhat unprecedented forces cause us to remain very cautious," he added.
Write to Callum Keown at callum.keown@dowjones.com
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April 07, 2025 06:35 ET (10:35 GMT)
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