Jamie Dimon Sees ‘Easy 20 Percent’ Drop in Stocks but Warns It Could Be Worse

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JPMorgan Chase CEO Jamie Dimon commented that it was unlikely that the Federal Reserve would be able to slow the economy without causing a “tough” recession.

Dimon spoke at a financial industry conference in Washington on Oct. 13 where he made his prediction.

He said that Wall Street could suffer another “easy 20 percent” drop, plunging the S&P 500 below 3,000 to a level not seen since the height of the pandemic.

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