JPMorgan Chase CEO Jamie Dimon talks the Fed’s interest rate path, the 2024 economy, looming banking regulations, and artificial intelligence.
JPMorgan Chase CEO Jamie Dimon warned investors on Friday of current risks to the global economy and pointed to “critical issues” facing the United States, in particular.
“We have been monitoring the geopolitical situation closely for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said in a press release accompanying JPMorgan’s third-quarter earnings. “There is great human suffering, and the consequences of these situations can have far-reaching effects on short-term economic outcomes and, more importantly, on the course of history.”
JPMorgan Chase CEO Jamie Dimon speaks during an Economic Club of New York event in New York, on April 23, 2024. (Victor J. Blue/Bloomberg via Getty Images/Getty Images)
“In addition, while inflation is slowing and the US economy remains resilient, many critical issues remain, including large fiscal deficits, infrastructure needs, trade restructuring and global remilitarization,” Dimon continued. “While we hope for the best, these events and the prevailing uncertainty demonstrate why we must be prepared for any environment.”
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