JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s.

"Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York.

The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again.

READ MORE: Jamie Dimon is worried the US economy is headed back to the 1970s