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JPMorgan Chase CEO: Global tensions are the most pressing threat to economic stability
2024-11-03 02:24
Odaily News JPMorgan Chase CEO Jamie Dimon has expressed great concern about escalating geopolitical threats, calling global tensions the most pressing threat to economic stability. Speaking to the Institute of International Finance last week, Dimon warned that ongoing conflicts in regions such as Ukraine and the Middle East could set off a chain of events that could escalate into a global war, according to a recording obtained by Fortune. Shifting the focus away from the current economic problems in the United States, Dimon said factors such as the possibility of a hard or soft landing next quarter are "minuscule" compared to geopolitical issues. While expressing deep concern, he also acknowledged that the risk of large-scale conflict could decrease, saying tensions could "ease over time" and mentioning possible ceasefires in regions such as Ukraine and the Middle East. However, he expressed doubts about any major improvement, adding: "I talked about the risks we face if things get bad. The scenarios we envision would surprise you. I don't even want to mention them." (Bitcoin.com)