JPMorgan CEO: Global tensions escalate, cautious about economic outlook

ChainCatcher news, according to Bitcoin.com, JPMorgan CEO Jamie Dimon expressed a cautious outlook on the economic prospects during the company's Q3 2024 earnings call. He emphasized concerns about global instability: "We have been closely monitoring the geopolitical situation for some time, and recent events indicate that the situation is very dangerous and is worsening."

He added, "Humanity is suffering greatly, and the consequences of these situations could have profound impacts on short-term economic outcomes, and more importantly, on the course of history." He stressed that as geopolitical tensions escalate, widespread chaos may occur, warning that this could have serious repercussions for global markets.

Dimon also discussed issues facing the U.S. economy. He acknowledged that while inflation is cooling and the U.S. economy remains strong, some potential risks still exist. He stated, "Several key issues remain, including massive fiscal deficits, infrastructure needs, trade structural adjustments, and global remilitarization."

He emphasized the necessity of staying vigilant and urged preparedness for unpredictable economic changes. "While we hold out the best hopes, these events and the pervasive uncertainty indicate why we must be prepared for any environment," he concluded.