Dimon says hard landing still possible

Jamie Dimon, chair and CEO of JPMorgan Chase, said a hard landing is still possible for the United States economy.

In an interview at the JPMorgan Global China Summit in Shanghai, Dimon was asked by CNBC’s Sri Jegarajah about the possibility of an economic hard landing and said “of course” the U.S. could see one, “how could anyone … who reads history say there’s no chance?”

He said the worst outcome for the U.S. economy would be a “stagflation” scenario, where inflation still rises...