US Top News and Analysis | JPMorgan's Jamie Dimon issued vague credit recession warning, but the bond market has more pressing issues AI generated summary, Read the full article for complete information. JPMorgan CEO Jamie Dimon warned that, after a long stretch without a credit recession, any future downturn could be “worse than people think,” underscoring growing concerns about the bond market’s outlook. The focus now shifts to the upcoming change in Federal Reserve leadership, with Kevin Warsh tipped as the next Fed chair; analysts say a new chair could quickly alter expectations for rates, inflation policy and the timing of cuts, prompting volatility in treasury yields, duration risk and credit spreads even before equities react. While the Fed kept its policy rate steady at 3.5‑3.75 % amid higher oil prices and persistent inflation above the 2 % target, investors remain wary of a potential “credit crisis,” especially given historically tight credit spreads, elevated 10‑year yields above 4 %, and the risk that long‑dated bond positions could suffer if rate cuts are delayed or don’t materialize. Read more: https://www.cnbc.com/2026/05/02/kevin-warsh-federal-reserve-interest-rates-bonds-fixed-income.html #JamieDimon #JPMorgan #FederalReserve #KevinWarsh #JeromePowell #Nardini