JPMorgan’s Dimon wary of U.S. Stagflation risk

Jamie Dimon, CEO of JPMorgan, cautions about the significant risk of stagflation in the U.S. He supports the Federal Reserve’s decision to keep interest rates steady, stating the ongoing geopolitical tensions and fiscal pressures may increase inflation and unemployment.

Dimon emphasizes the U.S.’s growing fiscal imbalances and how they may discourage investment in dollar-denominated assets. His comments reflect increasing unease as uncertainties surrounding tariffs and economic policies persist, complicating forecasts for overall economic stability.