JPMorgan Chase CEO Jamie Dimon talks about the Federal Reserve's interest rate trajectory, the 2024 economy, looming banking regulation, and artificial intelligence.
JPMorgan Chase & Co. CEO Jamie Dimon on Friday warned investors about the current risks to the global economy, noting in particular the “significant challenges” facing the United States.
“We have been closely monitoring the geopolitical situation for some time, and recent events indicate that the situation is dangerous and worsening,” Dimon said in a press release accompanying JPMorgan's third-quarter results. said. “There will be significant human costs, and the consequences of these situations could have far-reaching implications for both short-term economic outcomes and, more importantly, the course of history.”
JPMorgan Chase CEO Jamie Dimon speaks at an Economic Club of New York event in New York on April 23, 2024. (Victor J. Blue/Bloomberg via Getty Images/Getty Images)
“Furthermore, while inflation has slowed and the U.S. economy remains resilient, several key challenges remain, including large budget deficits, infrastructure needs, trade restructuring, and global remilitarization. “The problem remains,” Dimon continued. And the pervasive uncertainty shows why we must be prepared for any environment. ”
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