JPMorgan Chase CEO Warns of Market Risks from Inflation, War, Rate Hikes
• JPMorgan Chase CEO concerned about persistent inflation, terrible wars and violence, and impact of quantitative tightening • Says odds of major market pullback and stalled economy are high • Russia's war with Ukraine could determine global economic outcome if gas/oil prices spike • JPMorgan stock dropped 6.4% after 4% drop in net interest income last quarter • CEO believes markets are "too happy" and uncertain forces could change economic environment