JPMorgan Chase CEO Jamie Dimon warned that the U.S. economy faces a real risk of stagflation, citing inflation, unemployment, geopolitical instability, and fiscal deficits as major threats. Speaking at the Global China Summit in Shanghai, Dimon criticized the notion that the U.S. is in a "sweet spot" and supported the Federal Reserve’s wait-and-see approach to monetary policy. Dimon said he believes the U.S. wants to maintain ties with China and hopes continued trade talks will lead to a positive outcome. JPMorgan warned that uncertainty from Trump’s policies may prompt client hesitation, with investment banking fees expected to drop by a mid-teens percentage. The bank launched a new Center for Geopolitics this week to help clients navigate rising global risks.
