JPMorgan Chase CEO Jamie Dimon warned of a heightened risk of a significant correction in the US stock market within the next six months to two years, the BBC reported.
鈥淚 am far more worried about that than others,鈥 Dimon said, adding there were a 鈥渓ot of things out there鈥 creating an atmosphere of uncertainty, pointing to risk factors including geopolitical tensions, fiscal spending, and global remilitarization.
鈥淎ll these things cause a lot of issues that we don鈥檛 know how to answer,鈥 he told the BBC in an interview on Wednesday, highlighting that the US stock market faces increased risks of being overheated.
Dimon also expressed mild concern about inflation but remained confident in the Federal Reserve鈥檚 independence despite criticism from the Trump administration of Fed Chair Jerome Powell.
Dimon expressed caution about the US economic outlook last month, warning that the full impact of tariffs, immigration, geopolitics, and President Donald Trump鈥檚 tax and spending policies remains uncertain due to their long-term cycles. 鈥 Reuters
