Overview

• Speaking in Dublin, JPMorgan CEO Jamie Dimon flagged that Europe’s GDP share has slipped from 90 percent to 65 percent of the U.S. over the past decade and a half.
• He blamed regulatory fragmentation and lagging innovation for hampering the EU’s ability to compete on a global scale.
• Dimon called on EU leaders to complete and deepen the single internal market to boost economies of scale and foster innovation.
• He urged the swift establishment of a U.S.-EU tariff framework to shield export-oriented economies from escalating trade barriers.
• Dimon cautioned that markets are pricing only a 20 percent chance of further U.S. rate hikes when he puts the odds at 40–50 percent, warning of investor complacency on monetary policy risks.