Stern Warnings from Wall Street CEOs About the US Economy Keep Coming: Now JPMorgan CEO Warns

JPMorgan Chase CEO Jamie Dimon issued a stern warning about the potential consequences of U.S. President Donald Trump’s latest tariff policies, warning caution should be exercised as they could raise inflation and increase the likelihood of a global economic slowdown. In his annual letter to shareholders, Dimon expressed concern about the short-term impact of the tariffs, saying they could dampen U.S. economic growth and spark fears of a recession. “The latest tariffs will likely increase inflation and make many think the possibility of a recession is greater,” the JPMorgan CEO wrote. “Whether the tariff menu will cause a recession is debatable, but it will slow growth.” While Dimon acknowledged that some of the motivations behind tariffs may be justified, he urged policymakers to consider their broader implications: “Whatever you think of the legitimate reasons for the newly announced tariffs or their good or bad long-term effects, they will likely have significant short-term effects. These price increases will not only affect imports but also domestic prices.” Related News: JUST IN: Coinbase Decides to Delist Two Cryptocurrencies Dimon reaffirmed his general support for Trump’s “America First” agenda, while noting that maintaining global alliances was important: “If the military and economic alliances of the Western world disintegrate, America itself will inevitably weaken over time. ‘America First’ cannot become ‘America Alone.’” *This is not investment advice. Continue Reading: Stern Warnings from Wall Street CEOs About the US Economy Keep Coming: Now JPMorgan CEO Warns

Source: BitcoinSistemi