JPMorgan Chase CEO warns about inflation, political polarization, wars
NEW YORK (AP) — The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well be creating risks that could eclipse anything since World War II.”
The comments came in an annual shareholder letter from Dimon, who often uses the letter to weigh in broad topics like politics, regulation and global events and what it might mean to JPMorgan Chase, as well as the broader economy.
Dimon also used his letter to forcefully defend the firm’s diversity and equality efforts, pushing back on the arguments from Republicans who have said such efforts at Fortune 500 companies, colleges and universities are discriminatory and promote left-wing ideology.
Related articles
Cruise worker 'murders newborn son on board ship': Shocked co
A cruise worker on board an Italian ship 'murdered her newborn son' as horrified co-workers raised t2024-05-21China, Indonesia set to deepen ties
President Xi Jinping meets on Monday with Indonesia's President-elect Prabowo Subianto in Beijing. (2024-05-21- President Xi Jinping and visiting Sri Lankan Prime Minister Dinesh Gunawardena spoke highly of the P2024-05-21
China intensifies efforts for cease
China has intensified its calls for an immediate cease-fire in Gaza as the government's special envo2024-05-21Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21- Chinese President Xi Jinping meets with representatives from American business, strategic and academ2024-05-21
atest comment