2w ago

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

www.cnbc.com

KEY POINTS

JPMorgan Chase CEO Jamie Dimon said tariffs announced by Donald Trump will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.
He’s the first CEO of a major Wall Street bank to publicly address Trump’s sweeping tariff policy as global markets crash.
“Markets still seem to be pricing assets with the assumption that we will continue to have a fairly soft landing,” Dimon said. “I am not so sure.”

10 comments

The former Greek finance minister says that weakening the dollar is the objective:
https://unherd.com/2025/02/why-trumps-tariffs-are-a-masterplan/
So rising prices are to be expected.
- it's called Occam's Razor, put simply, states: “the simplest solution is almost always the best.” It's a problem-solving principle arguing that simplicity is better than complexity.
  https://www.interaction-design.org/literature/article/occam-s-razor-the-simplest-solution-is-always-the-best
  edit: added link to reference.
  
  There's nothing simple about divining the intent of the severely mentally ill so what exactly is your point?
  
  just what you said, only pointed out there is a quote/theory that could apply here.
  often we overcomplicate instead of seeing the simple explanation. the theorem applies to many cases, not just to solve problems.
  I am not saying that the theorem is or isn't correct here, I was just mentioning it as it sort of fits the last couple of sentences in the comment.
  I did not mean to say anything about this case in particular, just a comment to the simplest explanation/solution is often the correct one.
  I am sorry if this came out confusing or out of context as this was not my intention.
  
  Varoufakis is not a dumb man. But he is so myopic.
  Which is why his gig as finance minister can be measured in weeks.
- I have a hard time believing this. It's more of the 4D chess that his supporters believed he was playing, but I think the evidence has shown that he isn't pretending to be ignorant and stubborn. If a different sort of President instituted tariffs then this could have been the plan, but if it happens now then it will be happening by coincidence.
  (Or is the extremely careless and unreasonable way that the tariff rates were calculated also part of Trump's madman theory? I doubt it.)
  
  I think so. If Trump would be mad for real, Wallstreet and the big companies would finance an impeachement.
  This is a show for the people so that they don't discuss the additional tax.

10 comments