JPMorgan Chase CEO Jamie Dimon kicked off third-quarter earnings season Friday with a stern warning about geopolitical threats that could hurt the global economy. “Recent events show that conditions are treacherous and getting worse,” he wrote in a press release. Dimon’s reimagining of the axis is “working every day to make it worse for the Western world and for America,” he said. He’s repeatedly warned that rising government debt could stoke inflation and complicate the Federal Reserve’s ability to manage the economy. “Cash is a very valuable asset in a turbulent world,” said Dimon on Friday.

Source: CNN October 11, 2024 13:37 UTC