JPMorgan CEO Warns of Persistent Inflation and Market Volatility
AI Summary
According to Odaily, JPMorgan CEO Jamie Dimon has expressed concerns that persistent inflation is unlikely to dissipate quickly. He highlighted that market volatility caused by tariffs is 'severe' and emphasized the need for progress in trade negotiations to stabilize the market. Dimon noted that many hedge funds are currently deleveraging, and there are other participants in the market. He stressed that the goal of trade agreements should be to strengthen trade partners rather than weaken them.
