7 articles | last updated: May 16 18:05:29
JPMorgan CEO warns prolonged high interest rates and fiscal deficits could harm economic stability.
- Dimon believes inflation and interest rates may remain elevated longer than markets expect.
- He cites geopolitical tensions and government spending as key inflationary pressures.
- Dimon stresses the need for the U.S. to address its fiscal deficit to avoid future economic crises.
- Concerns include potential stagflation and higher borrowing costs due to waning investor confidence.
- Dimon advocates for proactive engagement with China despite ongoing geopolitical challenges.
People, Places and Things In This Story
- United States Country in North America
- Jamie Dimon CEO of Chase
- China Country in East Asia
- JPMorgan Chase Investment banking company
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