Posted 4/9/2024, 1:30:00 AM
JP Morgan Chief Warns of Perilous Global Risks from Ukraine War and Frayed Ties Between Major Powers
- JP Morgan CEO Jamie Dimon warns world faces most dangerous time since WW2 due to war in Ukraine and tensions between major powers
- War and potential for nuclear conflict poses threat to lives and economic growth
- Breakdown in international relations could have major negative or positive impact on global economy
- Governments' higher spending on military, climate, and more could lead to persistently high inflation
- JP Morgan has contingency plans for interest rates in the U.S. rising above 8% or falling below 2%