JPMorgan Chase CEO Jamie Dimon said high inflation has not been slayed and that he remains continually concerned it could rise further this year, citing longer-term investing themes including infrastructure, AI and the militarization of the world. In an interview with Yahoo Finance, Dimon balanced that warning with signs of economic strength, pointing to the labor market, business formation and overall corporate earnings. On AI, he addressed the financing boom and its risks, after JPMorgan's Doug Petno said earlier this week that the bank has been modeling the blast radius of a potential bad outcome in the AI investing cycle. Dimon said the bank's underwriting of data centers comes down largely to compute and the pricing paid for compute, and to whether the huge tech companies backing those data centers can pay. He stopped short of calling for a slowdown in AI investment, in contrast to some AI leaders over the past week, but voiced support for a lighter touch in federal oversight.
JPMorgan Chase & CoDimon warns high inflation is not slayed and could rise further, a macro/rate concern for the bank, but also cites economic strength.
