Dimon Warns Soaring Rates, Debt May Spark Crisis as Recession Odds Rise

JPMorgan CEO Jamie Dimon warned interest rates could exceed 8% in coming years due to high government spending and global conflicts
He believes the odds of a "soft landing" where inflation cools without recession are low, around 20-30%
The worst-case outcome would be stagflation - stagnant growth and high inflation
The national debt has surged past $34 trillion under Biden to over 100% of GDP
Dimon and billionaire Ken Griffin warned the mounting US debt must be tackled before causing a crisis