Quote from foxbusiness JPMorgan Chase CEO Jamie Dimon on Friday warned investors about current risks to the global economy and pointed to “critical issues” facing the U.S., in particular.
“We have been closely monitoring the geopolitical situation 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 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.”
“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. “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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