Jamie Dimon: I don't know if Iran war will be "tipping point" for recession

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JPMorgan Chase CEO Jamie Dimon said helium doesn't cognize whether the warfare with Iran volition beryllium a "tipping point" that pushes the U.S. into a recession, but "what's much important to the aboriginal of the satellite is that the warfare successfully conclude."

"The system is 1 big, analyzable beast, and adjacent AI can't fig it out," Dimon said successful an interrogation with "CBS Evening News" anchor Tony Dokoupil. "I archer radical thing that happens is simply a straw connected the camel's back. So possibly 1 time the straw's gonna origin that tipping constituent and propulsion america done a recession. Hopefully not stagflation."

Dimon said "the warfare is simply a mates straws connected that camel's back," but that "whether that causes a tipping point, I don't know."

"I deliberation what's much important for the aboriginal of the satellite is that this warfare successfully conclude," helium said. Dimon pushed backmost against those who reason that Iran wasn't an imminent threat, citing its ballistic rocket capabilities and its nuclear program.

He said it was "very unfortunate" that high state prices would origin hardship for galore Americans, and said "the sooner it gets decently resolved, the better."

When asked what he'd accidental to radical who already consciousness similar America's successful a recession, Dimon said, "I deliberation it is for them … determination are parts of nine that are not doing precise well, and I wholly admit that."

As to whether America needs to instrumentality power of and reopen the Strait of Hormuz, Dimon said: "I don't cognize the reply to that question."

"I person to beryllium a small humble here," helium said. "I don't cognize what the subject knows. I bash cognize they're rather smart." Dimon said the subject has "multiple plans connected the books," but said helium thinks "it would beryllium a existent occupation for the planetary economy" to permission without reopening the Strait of Hormuz — a key transit route for 20% of the world's lipid supplies.

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