Jamie Dimon Urges Action on U.S. Debt and Inflation Risks

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.