"JPMorgan's Dimon and Ray Dalio Admit Mistakes in Recession Predictions"

JPMorgan CEO Jamie Dimon urged the Federal Reserve to wait past June before cutting interest rates, citing the need to maintain inflation-fighting credibility. He expressed confidence in the U.S. economy but cautioned against assuming a soft landing, warning of a 65% chance of recession and the potential for stagflation. Dimon also criticized bitcoin, highlighting illegal uses, and discussed JPMorgan's extensive use of artificial intelligence in various banking applications.