Jamie Dimon, chief executive of JPMorgan Chase, recently said he would not rule out stagflation, despite growing confidence that inflation is starting to ease. Speaking at the fall meeting of the Council of Institutional Investors in Brooklyn, New York, Mr. Dimon warned that despite signs of a cooling economy, serious risks remained. "I think the worst outcome is stagflation - recession, higher inflation... I wouldn't rule that out," he said. Mr. Dimon expressed concern about possible persistent inflationary pressures, citing factors such as increased government spending and rising deficits. He noted that while inflation data were improving, indicators such as employment and manufacturing pointed to economic pressures. "These are inflation, basically in the short term, for years to come," he warned. He stressed that, despite some positive economic signals, significant uncertainties remain, and inflationary pressures could weigh on the U.S. economy. Dimon, who has been sounding the alarm about a slowdown, noted in August that there was only a 35 to 40 percent chance of a "soft landing," suggesting a recession might be the more likely outcome. He pointed to various uncertainties such as geopolitics, housing and spending. Meanwhile, JPMorgan raised the odds of a U.S. recession this year.