JPMorgan CEO Jamie Dimon Warns of 'Most Dangerous Time' in Decades Due to High Debt, Inflation, Ukraine War
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JPMorgan CEO Jamie Dimon warned the world is in the "most dangerous time" in decades due to geopolitical threats like the war in Ukraine.
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Dimon cited high government debt levels and largest peacetime fiscal deficits as potentially prolonging high inflation.
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Quantitative tightening by the Federal Reserve could reduce liquidity when market-making capabilities are limited.
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Dimon warned the war in Ukraine and attacks on Israel may impact energy, food, trade and geopolitics.
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Despite the warnings, JPMorgan reported a $13 billion profit last quarter.