JPMorgan CEO: Global tensions are the most pressing threat to economic stability
ChainCatcher news, according to News.bitcoin, JPMorgan CEO Jamie Dimon expressed great concern over the escalating geopolitical threats, stating that global tensions are the most pressing threat to economic stability.According to recordings obtained by Fortune magazine, Dimon warned during a speech at the Institute of International Finance last week that the ongoing conflicts in regions such as Ukraine and the Middle East could trigger a series of events and potentially escalate into a global war. Dimon shifted the focus away from current economic issues in the U.S., stating that factors such as a hard landing or soft landing next quarter are "insignificant" compared to geopolitical issues.Although he expressed deep concern, he also acknowledged that the risk of large-scale conflict might decrease, stating that tensions could "ease over time," and mentioned the possibility of ceasefires in regions like Ukraine and the Middle East. However, he expressed skepticism about significant improvements, adding, "I talked about the risks we face if things worsen. The scenarios we envision would shock you. I don't even want to mention them."