JPMorgan Chase CEO and Chairman Jamie Dimon speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East and with Russia's invasion of Ukraine showing no signs of abating.
"We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse," Dimon said Friday in the bank's third-quarter earnings release.
"It's ratcheting up, folks, and it takes really strong American leadership and western world leaders to do something about that," Dimon said.
"While inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world," Dimon said.
Persons:
Jamie Dimon, JPMorgan Chase, Dimon, I've
Organizations:
JPMorgan Chase, U.S . Senate Banking, Housing, Urban Affairs, Wall, Capitol, JPMorgan, Georgetown University, Federal Reserve
Locations:
Washington , U.S, Ukraine, East, China, Iran, North Korea, Russia, Israel, Beirut, Lebanon, U.S