JPMorgan CEO Warns of Economic Dangers Despite Bank's Rising Profits

JPMorgan CEO Jamie Dimon warned the world faces enormous dangers including war, high inflation, tight labor markets, and high government debt.

Dimon said the war in Ukraine and attacks in Israel may have far-reaching impacts on energy, food, trade, and geopolitics.

The Fed has rapidly raised interest rates to fight inflation, but Dimon worries about the effects of quantitative tightening.

Despite economic concerns, JPMorgan's Q3 profit rose 35% to $13.15 billion due to higher interest rates.

Dimon said U.S. consumers remain fairly healthy for now, but JPMorgan is preparing for a range of outcomes.