Jamie Dimon: US Needs To Take a Leadership Position

Jamie Dimon: JP Morgan Chief Predicts 'Something Worse' Than a Recession Could Be Coming

The executive stated that "there are storm clouds", Jamie Dimon warns about where the U.S. economy is heading quoting interest rates, oil, Ukraine, war, and China.

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His predictions were similar to what he predicted in June, when he warned of an 'economic storm'. He advised investors that they should be prepared.

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CEO of JPMorgan, stated that China is facing "serious issues" because of its energy and food consumption.

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Dimon called on the US to stand against Beijing and increase its soft-power efforts within the developing world.

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Bloomberg reports that China's economic slowdown raised in July, as its industries failed to meet investment and output targets.

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Dimon

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JPMorgan pledged to reach net-zero emission by 2050, in accordance the Paris Agreement.

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