
Nick Timiraos|Apr 09, 2025 19:39
Trump said he watched the interview between Jamie Dimon and Maria Bartiromo, in which Dimon said he thought a recession was likely, before deciding to pause certain increases in tariffs.
https://www.foxbusiness.com/media/jamie-dimon-warns-recession-now-a-likely-outcome-us-economy
DIMON: "If you want to calm down the markets, show progress ... and let [Treasury Secretary] Scott [Bessent] take the time. Trade deals are very large and very complex. They can't be done overnight, but you really have to have teams working them to get them right. "
"I'm taking a calm view, but I think it could get worse if we don't make some progress here."
"If you look forward in the next 60 days, every company's going to be telling you guys what it means to them. I think today I saw Delta remove their guidance and things like that will affect stock prices, again—so it's not over yet. And then you've seen tremendous moves in swap prices, asset prices, Treasury prices. There's a 10 year Treasury auction today and how they go—so yeah. But let them settle down, take a deep breath, negotiate some trade deals. That's the best thing they can do."
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