Reported about 16 hours ago
In his annual shareholder letter, JPMorgan CEO Jamie Dimon stressed the urgent need to resolve uncertainties surrounding President Trump's tariffs, warning of negative long-term impacts on the U.S. economy and inflation. He highlighted concerns about retaliatory actions from other countries and the implications for investments. While acknowledging some legitimate reasons for the tariffs, Dimon emphasized the importance of maintaining economic alliances and suggested reforms to strengthen international relations. He also addressed broader economic challenges, including rising inflation and the need for fiscal discipline.
Source: YAHOO