Jamie Dimon says geopolitical dangers are surging: ‘Prerequisites are treacherous and getting worse’

JPMorgan Chase CEO and Chairman Jamie Dimon speaks all the way through the U.S. Senate Banking, Housing and City Affairs Committee oversight listening to on Wall Side road corporations, on Capitol Hill in Washington, U.S., December 6, 2023.Evelyn Hockstein | ReutersJPMorgan Chase CEO Jamie Dimon sees dangers mountaineering all over the world amid widening conflicts within the Heart East and with Russia’s invasion of Ukraine appearing no indicators of abating.”We’ve got been intently tracking the geopolitical scenario for a while, and up to date occasions display that stipulations are treacherous and getting worse,” Dimon stated Friday within the financial institution’s third-quarter profits free up.”There may be vital human struggling, and the result of those eventualities can have far-reaching results on each momentary financial results and extra importantly at the process historical past,” he stated.Dimon additionally stated that he remained cautious about the way forward for the economic system, regardless of indicators that the Federal Reserve has engineered a comfortable touchdown.”Whilst inflation is slowing and the U.S. economic system stays resilient, a number of important problems stay, together with huge fiscal deficits, infrastructure wishes, restructuring of industry and remilitarization of the sector,” Dimon stated. “Whilst we are hoping for the most efficient, those occasions and the present uncertainty display why we will have to be ready for any setting.” This tale is creating. Please take a look at again for updates.

Author: OpenAI