Jamie Dimon, one of the world's most influential business leaders, warned in his annual shareholder letter that the war in Ukraine poses a significant threat to the economic recovery that began less than two years ago.
Dimon, one of the world's most influential business leaders, warned Monday in his annual shareholder letter that the conflict poses a significant threat to the economic recovery that began less than two years ago."The war in Ukraine and the sanctions on Russia, at a minimum, will slow the global economy — and it could easily get worse," the JPMorgan Chase CEO wrote in the letter.The conflict has already set off severe turbulence in energy, agricultural and other commodity markets.
'Very volatile markets' are comingDimon struck a cautious tone on whether the Fed can achieve a so-called soft landing: taming inflation without tanking the recovery. He said if the Fed gets it"just right," the economy can enjoy years of growth and inflation will"eventually start to recede."Either way, Dimon said, investors should buckle up."In any event, this process will cause lots of consternation and very volatile markets," he wrote.
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.
JPMorgan CEO Jamie Dimon Says Big Risks Loom for the U.S. EconomyMr. Dimon warned that the war in Ukraine could collide with rising inflation to slow the pandemic recovery and alter global alliances for decades to come.
Read more »
Dimon Says Confluence of Inflation, Ukraine War May ‘Dramatically Increase Risks Ahead' for U.S.Jamie Dimon’s annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.
Read more »
Jamie Golombek: What tax changes might be coming up in the federal budgetICYMI: What tax changes might be coming up in the federal budget — via financialpost taxchanges
Read more »
Easter Feast! Jamie Oliver Shares His Delicious Recipe for Stuffed SalmonJamie Oliver shared his signature stuffed salmon recipe that can be replicated for a special Easter celebration — exclusive details
Read more »
JPMorgan CEO Jamie Dimon Says Big Risks Loom for the U.S. EconomyMr. Dimon warned that the war in Ukraine could collide with rising inflation to slow the pandemic recovery and alter global alliances for decades to come.
Read more »
Dimon Says Confluence of Inflation, Ukraine War May ‘Dramatically Increase Risks Ahead' for U.S.Jamie Dimon’s annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.
Read more »