Jamie Dimon told 'CBS Evening News' anchor Tony Dokoupil that 'what's more important for the future of the world is that this war successfully conclude.'
JPMorgan Chase CEO Jamie Dimon said he doesn't know whether the war with Iran will be a 'tipping point' that pushes the U.S. into a recession, but 'what's more important to the future of the world is that the war successfully conclude.
''The economy is one big, complex beast, and even AI can't figure it out,' Dimon said in an interview with 'CBS Evening News' anchor Tony Dokoupil. 'I tell people anything that happens is a straw on the camel's back. So maybe one day the straw's gonna cause that tipping point and push us through a recession. Hopefully not stagflation.'Dimon said 'the war is a couple straws on that camel's back,' but that 'whether that causes a tipping point, I don't know.''I think what's more important for the future of the world is that this war successfully conclude,' he said. Dimon pushed back against those who argue that Iran wasn't an imminent threat, citing its ballistic missile capabilities and its nuclear program. He said it was 'very unfortunate' that high gas prices would cause hardship for many Americans, and said 'the sooner it gets properly resolved, the better.'When asked what he'd say to people who already feel like America's in a recession, Dimon said, 'I think it is for them … there are parts of society that are not doing very well, and I completely acknowledge that.'As to whether America needs to take control of and reopen the Strait of Hormuz, Dimon said: 'I don't know the answer to that question.''I have to be a little humble here,' he said. 'I don't know what the military knows. I do know they're quite smart.' Dimon said the military has 'multiple plans on the books,' but said he thinks 'it would be a real problem for the global economy' to leave without reopening the Strait of Hormuz — a key transit route for 20% of the world's oil supplies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Warns Iran: Deal or Destruction – Military Operations in Iran at a Critical JunctureThe United States is in intense negotiations with a new Iranian regime, threatening to obliterate critical infrastructure if a peace deal isn't reached and the Strait of Hormuz remains closed. The Pentagon prepares for ground operations as diplomatic efforts continue, while highlighting the destruction near the Al Araby TV offices after a missile strike in Tehran. The situation emphasizes the precariousness of the region, where diplomacy and military readiness are balanced.
Read more »
Iran live updates: Trump threatens Iran infrastructure strikes if talks failTrump said 'serious' talks are ongoing with Tehran.
Read more »
Iran live updates: Trump threatens Iran infrastructure strikes if talks failTrump said 'serious' talks are ongoing with Tehran.
Read more »
Jamie Dimon on 'FOX & Friends': US economy, AI, the American dream and blue state exodusJamie Dimon breaks down on 'FOX & Friends' why Americans are losing faith in the American Dream, what the Iran war means for your wallet, why people are leaving blue states, and how AI could reshape jobs and the future of work.
Read more »
JPMorgan CEO Jamie Dimon has blunt message for Wall Street about Iran war jittersToday's Business Headlines: 03/28/26
Read more »
Jamie Dimon says US must 'finish this thing' with Iran to protect global economyJPMorgan Chase CEO Jamie Dimon called for decisive U.S. action against Iran and says AI will transform the economy, comparing it to electricity and the internet.
Read more »