Jamie Dimon, the CEO of JPMorgan Chase, America's largest bank, said the ongoing war in Ukraine should serve as a 'turning point' that lulls U.S. leaders out of a 'false sense of security.'
— Jamie Dimon, the CEO of JPMorgan Chase, America's largest bank, said the ongoing war in Ukraine should serve as a"turning point" that lulls U.S. leaders out of a"false sense of security."
Russia's invasion of Ukraine in February drove up prices for commodities like oil and natural gas almost overnight while generating a sweep of migration into Western Europe and exacerbating food insecurity. He also pointed to specific challenges stemming from competition with China and debt in emerging markets. He said the U.S. should be planning for how to compete over the next century and collaborating with allies."Otherwise, you're not going to end up with the world that we really want," he said.
Earlier this week, Federal Reserve Chairman Jerome Powell suggested there could be a slowdown in the pace of interest rate hikes. But Dimon said he thinks there may be room for more action.
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