Dimon Warns Biden Policies Risk Economy, Calls LNG Pause Enormously Naive

• JPMorgan CEO Jamie Dimon criticized Biden's pause on new liquified natural gas (LNG) projects, calling it "enormously naïve" and warning it will increase dependence on oil and coal.

• Dimon warned high inflation could persist longer than expected, requiring the Fed to keep interest rates elevated, fueled by high government spending.

• Dimon pointed to global events like the Ukraine war that threaten the U.S. economy and require attention.

• With government spending far outpacing revenue, Dimon warned quantitative tightening could have unforeseen effects.

• Dimon said ongoing wars and their human costs also have the potential to severely disrupt markets.