JPMorgan Chase CEO Jamie Dimon on the Federal Reserves price trajectory, 2024 economic system, looming financial institution rules and synthetic intelligence.
JPMorgan Chase CEO Jamie Dimon on Friday warned buyers about present dangers to the worldwide economic system, and pointed to “critical issues” dealing with the U.S., particularly.
“We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon mentioned in a press launch accompanying JPMorgan’s third-quarter earnings. “There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history.”
JPMorgan Chase CEO Jamie Dimon speaks throughout an Financial Membership of New York occasion in New York, on April 23, 2024. (Victor J. Blue/Bloomberg through Getty Photographs / Getty Photographs)
“Additionally, while inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world,’ Dimon continued. “Whereas we hope for the most effective, these occasions and the prevailing uncertainty display why we have to be ready for any setting.”
JAMIE DIMON STILL DECIDING ON PRESIDENTIAL ENDORSEMENT FOR 2024
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