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JPMorgan Chase CEO Jamie Dimon talked about the recent banking crisis, his biggest concerns for the economy, potential recession, and access to capital, in an interview with Louisville Business First. Asked about whether the recent banking crisis has been contained, Dimon stated: "I'd say it's over, but if in the future you have a recession, that'll hurt banks a little bit. And if rates continue to go up in a recession …you could see other institutions … see more damage done if rates go up." Dimon noted that there needs to be new regulation to prevent similar situations in the future, adding, however, that "regulations should always be recalibrated. They should always be rethought, not just always adding more, and more and more." Among his biggest concerns for the economy, Dimon singled out quantitative tightening inflation, Russia, and America and China's relationship. "I think those headwinds down the road have a good chance of pushing us into recession," Dimon stated. He noted that we should not be afraid of a mild recession, adding that "there could be more severe consequences to this war and the American relationship (with China) and what it can do to trade." On whether small businesses should be worried about access to capital, Dimon said: "That reduced lending will probably affect small business and middle market a lot more than large corporations and could affect regional banks." #jamiedimon #economicoutlook
