Trump Tariffs Likely to Increase Inflation, Jamie Dimon Says. Why JPMorgan Is 'Very Cautious.' -- Barrons.com
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.This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.