JPMorgan Chase CEO Jamie Dimon cautioned that several risks are shifting below the surface like tectonic plates, including geopolitical tensions, sticky inflation, large global fiscal deficits and elevated asset prices. Speaking on a media call and in prepared remarks for the bank's record-setting quarterly earnings, Dimon said these forces could remain manageable or collide in surprising ways, potentially causing meaningful disruptions. He noted that it is impossible to predict how the Fed's interest rate decisions or other factors will ultimately play out. Dimon advised investors to focus on finding good companies that are not overvalued rather than obsessing over macroeconomic uncertainties.
JPMorgan Chase & CoCEO warns of sticky inflation and uncertain Fed rate path, which could affect bank's net interest income and loan demand.