The JPMorgan Chase CEO said in an interview with CNBC-TV18 that his “caution is all geopolitics, which may determine the state of the economy.”
A year after Jamie Dimon named geopolitics the world's biggest risk, JPMorgan Chase's CEO sounded the alarm again.
"Geopolitics is getting worse, they are not getting better," Dimon said in an interview with CNBC-TV18.Streaming 24/7: Watch NBC 5 local news and weather for free wherever you are"Geopolitics is getting worse, they are not getting better. There is chance for accidents in energy supply. God knows if other countries get involved.
Geopolitical instability"is my biggest caution," Dimon said. He also urged the U.S. to prepare for a prolonged war between Ukraine and Russia. The interview came almost a year after Dimon had called geopolitics, after Russia's invasion in Ukraine, the biggest risk that he sees facing the world, larger than high inflation or a U.S. recession.Following a lengthy period of sticky inflation, the Federal Reserve last Wednesday made a jumbo rate cut, its first cut since March 2020. Traders have piled on, driving the S&P 500 to a fresh closing high on Monday.
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's Jamie Dimon says bank has many 'extremely' qualified execs for next CEOJamie Dimon previously signaled his timeline for stepping down is no longer five years and could be as soon as two-and-a-half years.
Read more »
Jamie Dimon may not see it, but JPMorgan has a glaring ‘woke’ blind spotJamie Dimon fashions himself the “least woke person you will ever meet,” his colleagues say.
Read more »
CEO of JPMorgan warns US of economic fate worse than recession: 'The worst outcome'JPMorgan Chase CEO Jamie Dimon believes the 'worst possible outcome' for America's economy is stagflation, where inflation rises but growth falters.
Read more »
JPMorgan Chase CEO Warns Of 'Worst Outcome' For US Economy: StagflationJamie Dimon, CEO of JPMorgan Chase, has warned of the possibility of stagflation as the worst-case scenario for the US economy, stating that it shouldn't be dismissed. Dimon made these remarks at the Council of Institutional Investors in New York, highlighting concerns about inflation and economic growth.
Read more »
Federal Reserve unveils toned-down banking regulation in victory for Wall StreetBank CEOs led by JPMorgan Chase CEO Jamie Dimon have lambasted the proposed Basel Endgame regulation since it was unveiled last year.
Read more »
Federal Reserve unveils toned-down banking regulations in victory for Wall StreetBank CEOs led by JPMorgan Chase CEO Jamie Dimon have lambasted the proposed Basel Endgame regulation since it was unveiled last year.
Read more »