JPMorgan's Dimon Warns of Potential U.S. 'Hard Landing' and Stagflation

JPMorgan CEO Jamie Dimon warns that a "hard landing" for the U.S. economy cannot be ruled out and that stagflation, characterized by rising inflation and slowing growth, would be the worst outcome. Despite low unemployment and rising wages, consumer confidence remains low due to inflation. Dimon also noted that interest rates might still increase slightly and that the world is not well-prepared for higher inflation.