Dimon: Only 35-40% Chance of Soft Landing; Worst Case is Stagflation But Fed Should Wait Before Cutting Rates Despite Looming Recession Risks

• Dimon said chance of soft economic landing in next 1-2 years is only 35-40%

• Worst case would be stagflation - high inflation and low growth

• Dimon takes economic indicators with “grain of salt” due to COVID distortion

• Dimon said Fed should wait before cutting rates, can always cut “quickly and dramatically”

• Though US economy currently "booming," Dimon said risk of recession remains