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JPMorgan chief Jamie Dimon sounded the alarm on a possible recession, warning Wall Street to prepare for the threat of rising interest rates even as inflation slows.

A lot of things out there are dangerous and inflationary. Be prepared, Dimon said at the New York Times DealBook Summit in New York on Wednesday.

Interest rates may go up and that might lead to recession,” he added, according to CNN Business.

Dimon’s comments suggest that he doesn’t forecast a rate cut following the next two-day Federal Open Market Committee meeting on Dec. 11 and 12.

Federal Reserve officials have unanimously decided to keep the benchmark federal funds rate at its current 22-year high, between 5.25% and 5.5%, for the past two policy meetings with little indication that theyll slash interest rates moving forward.

Fed Chair Jerome Powell even reiterated during his closely watched speech during the International Monetary Funds policy panel in Washington, DC, earlier this month: “If it becomes appropriate to tighten policy further, we will not hesitate to do so.”

Economists have been divided on what central bankers’ next move is — and whether it means the US economy is in for a soft landing, which will see it skirting a recession, or a hard landing.

“Im cautious about the economy,” Dimon said, per CNN.

The 67-year-old investment banking boss also noted that “inflation is hurting people,” and in a moment of positivity, pointed to the resilient labor market.

Representatives for Dimon at JPMorgan declined to comment.

Economists have cited October’s weaker-than-expected jobs report — when the Bureau of Labor Statistics reported that the US economy added 150,000 positions — as a signal that an interest rate cut is forthcoming.

The unemployment rate is now 3.9%, the agency said, above the Feds 3.8% year-end forecast.

Inflation has also trended weaker than central bankers estimates as Americans see some reprieve from the Feds aggressive tightening cycle, which began in March 2022, when rates were between 0.25% and 0.5%.

By June of last year, inflation peaked at 9.1% and rates have since increased at a pace not seen in 40 years.

The Fed hasn’t cut interest rates in over a year despite falling inflation, which slowed to 3.2% in October, according to the Consumer Price Index, which tracks changes in the costs of everyday goods and services.

The figure marked a drop from Septembers 3.7% advance, though it remains well above the Fed’s 2% inflation target, which the US economy hasnt seen since 2012.

In an interview with Bloomberg TV last month, Dimon suggested that Americans are in for an interest-rate hike as steep as 1.5 percentage points, to a staggering 7%, which would mark the highest federal funds rate sine December 1990.

Dimon’s warnings of a recession echo those of hedge fund titan Bill Ackman, who said just this week that the Fed needs to slash interest rates as early as the first quarter in order to avert a real risk of a hard landing for the US economy.

Ackman told Bloomberg that if the Fed keeps rates around the 5.5% range while inflation trends below 3%, thats a very high real rate of interest.

Whats happening is the real rate of interest, which is what impacts the economy, keeps increasing as inflation declines, said the Pershing Square Capital Management founder.

I think theres a real risk of a hard landing if the Fed doesnt start cutting rates pretty soon, Ackman added, per Bloomberg, noting that hes seen evidence of a weakening economy.

Traders, however, arent fully pricing in a rate cut until the end of 2024s second quarter, in June, Bloomberg reported, citing swaps market data.

The chance of a cut happening in May is some 80%, the data showed.

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Bowling Green hires Eddie George as head coach

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Bowling Green hires Eddie George as head coach

Former Heisman Trophy winner Eddie George was named the next head coach at Bowling Green on Sunday.

George agreed to a five-year deal, sources told ESPN.

His hiring came two days after George, who spent the past four seasons as the head coach at Tennessee State, was one of three finalists to interview for the position.

“Today, we add another transformative leader to this campus in Eddie George,” Derek van der Merwe, Bowling Green’s vice president for athletics strategy, said in a news release. “Our students are getting someone who has chased success in sports, art, business, and leadership. As our head football coach, he will pursue excellence in all aspects of competition in the arena. More importantly, beyond the arena, he will exemplify what excellence looks like in the classroom, in life, in business, and in relationships with people.”

George emerged as a successful head coach in the FCS at Tennessee State. This past season, he led the program to the FCS playoffs and a share of the OVC-Big South title, the school’s first league title in football since 1999.

“I am truly excited to be the head coach at Bowling Green State University,” George said in the news release. “Bowling Green is a wonderful community that has embraced the school and the athletics department. We are eager to immerse ourselves in the community and help build this program to the greatness it deserves. I am overwhelmed with excitement and joy for the possibilities this opportunity holds.”

George returns to the state where he rushed for 3,768 yards over four seasons as a running back for Ohio State, winning the Heisman Trophy in 1995.

George went on to star in the NFL for nine seasons, rushing for more than 10,000 yards. He was a 1996 first-round pick of the Houston Oilers and made his name by playing seven seasons in Nashville for the Titans, becoming the franchise’s all-time leading rusher. The Titans retired his jersey in 2019.

Tennessee State hired George despite his lack of traditional coaching experience, with the school president at the time calling the move “the right choice and investment” for the future of TSU. George has worked as an actor and entrepreneur and earned an MBA from Northwestern.

George paid back the administration’s faith by building Tennessee State into a winner, including a 9-4 season in 2024 that culminated in its first FCS playoff appearance since 2013. Tennessee State lost to Montana in the first round.

George’s hire at TSU continued the trend of former star players being hired at historically Black colleges and universities. Jackson State made the biggest splash in hiring Deion Sanders, who went on to a successful stint at Colorado. Michael Vick’s hire at Norfolk State and DeSean Jackson’s hire at Delaware State continued that trend in the current hiring cycle.

George will replace Scot Loeffler, who left the school to become the quarterbacks coach of the Philadelphia Eagles.

Bowling Green has become one of the top coaching springboards of this generation, with Urban Meyer, Dave Clawson and Dino Babers all advancing from the school to power conference jobs. Loeffler went 27-41 over six seasons, a run that included bowl appearances in each of the past three seasons.

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Top 2027 DE recruit Wesley reclassifies to 2026

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Top 2027 DE recruit Wesley reclassifies to 2026

Defensive end prospect Richard Wesley, one of the nation’s top recruits in the 2027 high school class, has reclassified into the 2026 cycle and will sign with a college program later this year, he told ESPN on Friday.

A 6-foot-5, 245-pound pass rusher from Chatsworth, California, Wesley completed his sophomore season at Sierra Canyon (California) High School this past fall. His move marks the latest high-profile reclassification in the current cycle, following wide receiver Ethan “Boobie” Feaster (No. 21 in the ESPN Junior 300), tight end Mark Bowman (No. 23), running back Ezavier Crowell (No. 29) and cornerback Havon Finney Jr. (not ranked) in the line of the elite former 2027 prospects to reclassify into the 2026 class since the start of the new year. 

ESPN has not yet released its prospect rankings for the 2027 class, but Wesley is expected to slot in among the nation’s top five defensive line recruits in 2026. He took unofficial visits to Oregon and Texas A&M in January and holds a long list of offers across the SEC, Big Ten and ACC. 

Following his reclassification, Wesley told ESPN he will take trips to Ohio State, Georgia, Texas, Miami, Oregon, USC, Ole Miss and Texas A&M across March and April before finalizing a slate of official visits for later this spring.

“I really can’t say what the future holds for me,” Wesley said. “I’m excited for more opportunities to go talk with these coaches and see what they’re about. I’m really open to everyone that’s offered me and who really wants me in their program.”

Wesley emerged as one of the nation’s most coveted high school defenders after he totaled 55 tackles and 10 sacks in his freshman season at Sierra Canyon in 2023. He followed this past fall 44 tackles (16 for loss) with nine sacks and four forced fumbles as a sophomore.

The rash of reclassifications into the 2026 class comes after a series of top prospects opted to reclassify during the 2025 recruiting cycle, headlined by five-star recruits Julian Lewis (Colorado) and Jahkeem Stewart (USC) and Texas A&M quarterback signee Brady Hart. Wesley told ESPN that his decision to enter college early was motivated by conversations with college coaches and his belief that he will be physically ready to compete at the next level by the time his junior season ends later this year. 

“All the colleges I talk to have shown me their recruiting boards and told me I’m at the top of their list at the position regardless of class,” Wesley said. “They’ve told me good things and they’ve told me the things I need to work on. I need to work on my violence. I’ve been grinding at that every single day.”

Wesley now joins a talented 2026 defensive end class that features 11 prospects ranked inside the top 100 in the ESPN Junior 300. 

Five-star edge rusher Zion Elee, ESPN’s No. 1 defender in the class, has been committed to Maryland since this past December and closed his recruitment last month. JaReylan McCoy, a five-star prospect who decommitted from LSU in February, and four-stars Jake Kreul (No. 19 overall) and Nolan Wilson (No. 54 overall) stand among the cycle’s top uncommitted defensive ends.

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Big 12 moves 10 games to Friday night in 2025

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Big 12 moves 10 games to Friday night in 2025

IRVING, Texas — The Big 12 has moved six of its conference football games to Friday nights next fall, along with another matchup of league teams that won’t count in the standings.

Those were among the 10 games involving Big 12 teams selected Friday by the league’s television partners, ESPN and Fox, for Friday night broadcasts. There will be two games on three of those nights.

On the opening weekend of the season, Baylor will host SEC team Auburn and Colorado will be home against ACC team Georgia Tech on Aug. 29. Arizona plays at Arizona State and Utah is at Kansas on Nov. 28, the day after Thanksgiving.

There will also be two games Sept. 12, with Colorado at Houston and Kansas State at Arizona. That matchup of Wildcats won’t count in the Big 12 standings since it was part of a preexisting schedule agreement between the two teams before the league expanded to 16 teams last year.

The other four Friday night games are Tulsa at Oklahoma State (Sept. 19), TCU at Arizona State (Sept. 26), West Virginia at BYU (Oct. 3) and Houston at UCF (Nov. 7).

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