JPMorgan Chase CEO and Chairman Jamie Dimon speaks all over the U.S. Senate Banking, Housing and City Affairs Committee oversight listening to on Wall Side road companies, on Capitol Hill in Washington, U.S., December 6, 2023.
Evelyn Hockstein | Reuters
JPMorgan Chase CEO Jamie Dimon sees dangers mountain climbing world wide amid widening conflicts within the Center East and with Russia’s invasion of Ukraine appearing incorrect indicators of abating.
“We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon stated Friday within the cupboard’s third-quarter income let fall.
“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,” he stated.
Dimon additionally stated that he remained cautious in regards to the age of the financial system, in spite of indicators that the Federal Hold has engineered a cushy touchdown.
“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 stated. “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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