Jamie Dimon, CEO of America’s largest bank, JP Morgan Chase, has sounded urgent warnings about the U.S. economy’s fragility. Highlighting risks including inflation sticking around, geopolitical conflicts, and heavy government spending, Dimon said the level of uncertainty is much higher than many realize.

While not outright fearful of recession, Dimon conceded it could materialize in 2026. He also cautioned about a potential stock market correction, possibly within six months to two years, which many might be unprepared for.

Dimon’s calls for vigilance come amid a backdrop of global instability, urging individuals and the financial sector to brace for volatility and prepare for difficult economic times.