JPMorgan Chase CEO Jamie Dimon once again cited global instability as a reason why inflation may not yet be under control, saying that geopolitics is...
) CEO Jamie Dimon once again cited global instability as his chief concern and named it as one of the reasons why inflation may not yet be under control, saying that “geopolitics is getting worse."
Flames and smoke rise from the Greek-flagged oil tanker Sounion on the Red Sea, in August. Yemen's Houthis said they attacked the Sounion in the Red Sea. /Handout via REUTERS/File PhotoOn Friday, Dimon poured more cold water on the notion that the US central bank is likely to achieve a soft landing for the economy.
Jamie Dimon speaks on stage during"The State of the Global Economy" panel for The Atlantic Festival 2024 last Friday. That was made clear earlier this month when JPMorgan COO Daniel Pinto warned that the consensus view among analysts for the bank to earn net interest income of $91.5 billion in 2025 was "not very reasonable" due partly to the effect of falling rates.
He cited shifting demographics, world trade, remilitarization as well as the green economy transition and medium term implications of artificial intelligence as potential contributors.
Jpmorgan Chase Inflation Rate Daniel Pinto
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