JPMorgan Chase CEO Jamie Dimon recently said he wouldn't rule out the possibility of stagflation, even as confidence grows that inflation is starting to ease. Dimon warned at the Institutional Investor Council Fall Meeting in Brooklyn, New York, that significant risks remain despite signs of an economic slowdown. "I think the worst outcome is stagflation – a recession, higher inflation… I'm not ruling that out," he said.

Dimon expressed concern about persistent inflationary pressures, citing factors such as increased government spending and rising deficits. He noted that while inflation data is improving, indicators such as employment and manufacturing show the economy is under pressure. "That's all inflation, essentially, for the near term, the next couple of years [lasting]," he warned.

He stressed that while there have been some positive economic signals, significant uncertainty remains, and inflationary pressures could weigh on the US economy. Dimon has been warning about an economic slowdown, saying in August that there was only a 35%-40% chance of a "soft landing," suggesting a recession was a more likely outcome. He cited various uncertainties including geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the probability of a US recession this year. (Bitcoin.com)