Dimon: Stagflation not off the table
(Source: baha news)
JPMorgan Chase & Co. CEO Jamie Dimon said on Monday during the company's Investor Day that stagflation is not "off the table" when it comes to the United States economy. "The geopolitical risk is very very high," he warned, also adding that even the lower tariff rates are still "pretty extreme."
Meanwhile, talking about cryptocurrencies and Bitcoin, in particular, which he said he wasn't a fan of, Dimon shared that while the company's customers are free to buy it, JPMorgan won't custody the world's most popular digital coin.
On the topic of national debt, Dimon commented that the debt-to-GDP (gross domestic product) ratio is "too high."