JPMorgan Chase CEO Jamie Dimon cautioned that financial markets inherently carry downside risks, reminding investors not to become complacent about elevated asset valuations.
Further:
- Speaking on the economic outlook, Dimon said that while no U.S. president welcomes high interest rates, the Federal Reserve is expected to maintain its independence in setting policy.
- He warned that a recession with potential credit implications remains a possibility, though its timing is uncertain.
- Dimon also noted that while tariffs draw political attention, they represent just one of several forces shaping the broader economy.
