JPMorgan Chase CEO Jamie Dimon cautioned about the US tariff policy. He highlighted potential economic damage. Dimon noted rising tariffs and inflated asset prices. He also mentioned tougher borrowing conditions for businesses.

CEO Jamie Dimon is warning that a recession isn’t “off the table” despite the recent trade truce between the United States and China.

Tariffs, volatility, and fading investor confidence--why JPMorgan's CEO says the risk of recession is still real

JPMorgan Chase CEO Jamie Dimon says the full effects of tariffs have yet to be felt and that markets are exhibiting an “extraordinary amount of complacency” in the face of those and other risks.

Americans might feel anxious about inflation and tariffs, but according to JPMorgan Chase (JPM) CEO Jamie Dimon, Wall Street hasn’t even begun to worry enough — and that, he says, is a big mistake.

The largest US lender also said it might earn more from interest payments this year despite decline in the second quarter on Monday.