CEO warns of 'far-reaching impacts on energy and food markets, global trade.'
JPMorgan CEO Jamie Dimon said “extremely high government debt levels with the largest peacetime fiscal deficits ever” could prolong elevated inflation and push interest rates still higher. | Jacquelyn Martin/APJPMorgan Chase CEO Jamie Dimon on Friday warned investors that geopolitical threats in Ukraine and the Middle East could herald “the most dangerous time the world has seen in decades.”
“The war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,” DimonJPMorgan reported a $13.15 billion profit for the July-September period. But Dimon cautioned of potential turmoil ahead.
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JPMorgan’s Dimon Warns Of ‘Most Dangerous Time’ In Decades Amid Huge Bank EarningsI am a Washington D.C. based reporter. My previous work includes USA Today, E&E News, the Baltimore Sun, NBC News and Maryland Matters. I am a graduate of Saint Joseph's University with a degree in political science. Email me at afaguyforbes.com and follow me on Twitter AnaFaguy.
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JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time' for the world in decadesThe head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.
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JPMorgan Chase CEO Jamie Dimon warns this is ‘the most dangerous time' for the world in decadesThe head of the larges U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend.
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