JPMorgan CEO Dimon warns inflation, rates may stay higher for longer
) CEO Jamie Dimon expressed concerns about the current geopolitical climate, marking it as potentially the most perilous since World War II.
Amid ongoing concerns about persistent inflationary pressures, Dimon highlighted several factors that could continue to drive inflation, including fiscal spending, remilitarization, global trade restructuring, and the capital needs of the green economy. He drew parallels to the inflationary period of the 1970s and early 1980s, but noted the unique circumstances of today’s fiscal deficits and the unprecedented scale of quantitative easing and its reversal.
He also noted the efforts to maintain the highest ethical standards and transparency in how AI influences decision-making processes. Dimon warned of bad actors using AI for malicious purposes but assured that the bank uses AI to counter such threats and protect the company’s systems and intellectual property.
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