JPMorgan Chase CEO Jamie Dimon, in his 61-page annual shareholder letter for FY2023 and recent statements, has issued a stark warning about the economic outlook, citing concerns over persistent inflation, the potential for significantly higher interest rates, and the transformative impact of artificial intelligence (AI). Dimon highlighted the risks posed by inflation, political polarization, and global conflicts, comparing the current geopolitical risks to those not seen since World War II. He expressed skepticism about the U.S. achieving a 'soft landing,' defined as modest growth with declining inflation and interest rates. Specifically, Dimon warned that U.S. interest rates could soar to 8% or more in the coming years due to high deficit spending and geopolitical stress. He also noted the Federal deficit as a real issue hurting business confidence and the possibility of a rate spike with stickier inflation. Despite these challenges, Dimon mentioned the resilience of the U.S. economy and consumer spending. On the topic of AI, Dimon believes it could be as impactful on humanity as the printing press, electricity, and computers, potentially augmenting virtually every job. He shared that JPMorgan has grown its AI organization significantly, now including over 2,000 AI/machine learning experts and data scientists, with more than 400 use cases in production. Dimon's comments reflect a cautious outlook on the economy, with an emphasis on the need for preparedness for a broad range of interest rates and the potential for AI to drive significant transformation across industries. His global agenda is pro-America, pro-military, pro-Ukraine, pro-trade, pro-capitalism, pro-DEI, and anti-China.
JPMorgan CEO Jamie Dimon warning that 8% interest rates could be coming. @hamilton_lane co-CEO Erik Hirsch on what that could mean for the private credit market, the Fed's next move and more. https://t.co/ZtkRDTE5fZ
Jamie Dimon on JP Morgan's perspective on AI: • JPM has 2,000 employees focused on AI/ML • 400 use cases in production of predictive AI across marketing, fraud and risk • Exploring GenAI potential primarily in engineering, customer support and operations • Anticipate that…
JPMorgan Chase CEO warns of persistent inflation and higher interest rates due to govt. spending Jamie Dimon expressed skepticism about a purported economic soft landing and highlighted the potential transformative impact of AI. https://t.co/YQPwB5hgzr
JPMorgan CEO Jamie Dimon shares leadership advice in his annual letter to shareholders. https://t.co/NRvk3yEVH1
NEW 🚨 JPMorgan’s Jamie Dimon sounds alarm about possible worst risks to US since WW2 https://t.co/2NdLwumLBB
Jamie Dimon, the CEO of JPMorgan Chase, issued a sober economic forecast in his annual shareholder letter on Monday, warning that high inflation may prove more stubborn than expected. Here are four takeaways from the letter: https://t.co/I1effSWzu0
AI could be as consequential to the economy as electricity, says Jamie Dimon https://t.co/UK7MURnLZp
TECH: JPMorgan CEO Jamie Dimon says artificial intelligence could be as 'extraordinary and possibly as transformational' as major inventions of the past several hundred years, including the 'printing press, the steam engine, electricity, computing and the Internet'. https://t.co/wgCJ3vMztv
Jamie Dimon Equates AI To Printing Press, Steam Engine: 'Consequences Will Be Extraordinary' Jamie Dimon shared thoughts on artificial intelligence in an annual shareholder letter for JPMorgan Chase. The banking CEO said AI could impact some jobs and lead to the creation of… https://t.co/E0Nm4pb5Jd
***Dimon Warns: US Interest Rates May Hit 8% or More*** Ditto. Mortgages were 8% six months ago.... @jpmorgan @markets
JPMorgan CEO Jamie Dimon compares AI’s potential impact to electricity and the steam engine. https://t.co/Chl9h1Fk7f
Jamie Dimon warns inflation, interest rates may remain elevated https://t.co/F3wxBRfEgJ
Jamie Dimon Warns World Faces "Risks That Eclipse Anything Since World War II" https://t.co/B7360Xdzy5
A chilly scenario for the U.S. economy, in which interest rates climb as high as 8% as the effects of the unprecedented monetary policy taken to combat inflation take hold, is still very much on the table, according to JPMorgan Chase CEO Jamie Dimon. https://t.co/8ag5bPioAd
What Jamie Dimon Said about Long-Term Inflation, Fed Interest Rates (“2% to 8% or even more”), and QE/QT. “Rates have been extremely low for a long time — it’s hard to know how many investors and companies are truly prepared for a higher rate environment” https://t.co/3YkgpcspQK
Geopolitical events and U.S. political polarization "may very well be creating risks that could eclipse anything since World War II,” warns JPMorgan Chase CEO Jamie Dimon.
Current geopolitical events may be creating risks that could eclipse anything since World War II warned JP Morgan CEO Jamie Dimon in a letter to shareholders https://t.co/pdZxTRxdmH
Dimon likens AI’s transformational impact to steam engine https://t.co/i7H9jbEoVG via @business
Jamie Dimon warns rates could stay high as market mood shifts https://t.co/oBiakEEBea via @ft
Jamie Dimon Warns Of Stickier Inflation, Higher Interest Rates In Annual JPMorgan Letter: 'There Will Be Plenty Of Stress' Jamie Dimon warns of persistent inflation and unexpected high interest rates, exceeding current investor expectations. Dimon doubts the likelihood of a… https://t.co/f3c1QBV9fu
How big of a deal is AI? JPMorgan Chase CEO Jamie Dimon said AI could be as transformational as the printing press and steam engine in his annual letter to shareholders. $JPM https://t.co/xztZjYv1Hv
JPMorgan Chase CEO warns inflation could stay high https://t.co/BuAXGrre7C
Jamie Dimon likens AI’s transformational potential to the steam engine https://t.co/Z3YMqIw0Di via @pensionsnews
Dimon touted Florida and the Miami area in his annual shareholder letter which the executive releases to provide insight on politics, regulation and global events as it relates to JPMorgan Chase and the broader economy. https://t.co/dwOko7F0IZ
Jamie Dimon says 8% rates could lie ahead 👀 https://t.co/lYU8RPfzOI
Jamie Dimon says 8% rates could lie ahead 😓 https://t.co/U5pHG2AJ79
Jamie Dimon says 8% rates could lie ahead😓 https://t.co/zpHxt3Ovbq
TROUBLE: Jamie Dimon’s annual letter to JPMorgan Chase shareholders warns that if the US remains on its current path the world is in big trouble. We need a Trump-ian shock to the system to right the ship. Will Americans deliver in November? https://t.co/uSRFY5mO7G
🚨Jamie Dimon the CEO of JPMorgan compares AI’s potential power to the steam engine Dimon highlighted AI as the bank's top challenge in his shareholder letter. “We are completely convinced the consequences will be extraordinary and possibly as transformational as some of the… https://t.co/ThBlMWCBml
#JPMorgan CEO Dimon writes letter to investors, warns US inflation may lead to higher interest rates https://t.co/XvdPWmeymd https://t.co/2xobXp9bfj
Jamie Dimon—Head Of U.S.’ Largest Bank—Warns Of 8% Interest Rates Along With Recession https://t.co/JKvsXcn2io https://t.co/m2mMdZX09a
Jamie Dimon says AI will have 'extraordinary' consequences and may be as transformative as electricity and the internet https://t.co/jjCudN8DmQ
Jamie Dimon warns interest rates could soar above 8%, throws doubt on ‘soft landing’ https://t.co/6E8qSShFxf https://t.co/YrLSrNsoWM
Jamie Dimon of $JPM says 8% rates could be ahead, per Reuters "Small changes in interest rates today may have less impact on inflation in the future than many people believe," he said.
Jamie Dimon @jpmorgan Annual Shareholder Letter - as always, great read on pulse of economy AI, AI, AI >2,000 AI/ML experts/data scientists >400 use cases in production $15B IT Budget Still early days... https://t.co/kkAEL2iICp https://t.co/DpdGCSdcVS
JPMorgan $JPM CEO Jamie Dimon talking about AI in his annual letter to shareholders "We have grown our AI organization materially. It now includes more than 2,000 AI/ machine learning (ML) experts and data scientists" "We are completely convinced the consequences will be… https://t.co/O36zjCYpLG
⚠️JUST IN: *JPMORGAN CHASE CEO JAMIE DIMON WARNS INFLATION, INTEREST RATES MAY STAY HIGHER FOR LONGER DO YOU AGREE OR DISAGREE? https://t.co/kXorerwnBz
$JPM Sir Jamie Dimon says interest rates to go UP not down. What say you? https://t.co/1Rf7B76Nc4
❖ Jamie Dimon Cautious Over Higher Rates And Recession Scenario JPMorgan CEO Jamie Dimon says that while the "mini banking crisis of 2023 is over," he's wary of what higher rates and recession could mean for banks and the economy as a whole. In his annual letter to…
But Jamie Dimon just said inflation higher for longer 🤷♂️ https://t.co/nZODzrttDQ
JPMorgan Chase CEO Jamie Dimon says he worries geopolitical events and U.S. political polarization "may very well be creating risks that could eclipse anything since World War II." https://t.co/4ick8saumc
JPMorgan CEO Jamie Dimon warns on interest rates and overly optimistic views on the chances for a soft landing in his annual letter to investors. https://t.co/IEw8v0UB9g
JPMORGAN CEO JAMIE DIMON: INFLATION MAY BE STICKIER, RATES HIGHER THAN EXPECTED
Jamie Dimon on AI. “Think the printing press, the steam engine, electricity, computing and the Internet, among others.” Is that more important than as low as 2% to “8% or even higher” interest rates? $JPM has identified more than 400 use cases for the technology. https://t.co/mwkKbUl5HC
JPMorgan CEO Dimon warns inflation, rates may stay higher for longer https://t.co/D1AhuwCn3B https://t.co/pm39N3EaqA
❖ Jamie Dimon Says 8% Rates Could Lie Ahead "Small changes in interest rates today may have less impact on inflation in the future than many people believe," he said. "Therefore, we are prepared for a very broad range of interest rates, from 2% to 8%, or even more." Dimon is…
Jamie Dimon Says 8% Rates Could Lie Ahead https://t.co/DvL3MxPUro
❖ JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII Dimon said he is less optimistic that the U.S. economy will achieve a “soft landing,” which he defined as modest growth along with declining inflation and interest rates,…
🇺🇸JAMIE DIMON: AI AS TRANSFORMATIVE AS ELECTRICITY JP MORGAN CEO: "AI could augment virtually every job. It is as transformational as the steam engine and electricity. We are completely convinced the consequences will be extraordinary." Sources: Fortune https://t.co/8axcxq5cX5
🔌🇺🇸 AI: The New Electricity! JPMorgan Chase CEO Jamie Dimon says AI could be as transformative as the steam engine, electricity or the internet. How's that for high voltage? https://t.co/awFlb8TnxS
Jamie Dimon Warns U.S. Might Face Interest-Rate Spike - WSJ https://t.co/DhOtCRo35r
Jamie Dimon flags risks of higher interest rates in annual letter to shareholder https://t.co/0c5eogtDh0
Interest rates could hit 8% or more and wars are creating outsize geopolitical risks, Jamie Dimon warns https://t.co/SjMTlHZbIQ
JPMorgan CEO Jamie Dimon uses his annual shareholder letter to set a global agenda: Pro-America, pro-military, pro-Ukraine, pro-trade, pro-capitalism, pro-DEI, anti-China. Wrote: "Ukraine's struggle is our struggle, and ensuring their victory is ensuring America first". He… https://t.co/0otBzhZJA1
🤖🇺🇸 Jamie Dimon, JPMorgan Chase CEO, declares Artificial Intelligence has the potential to be as transformative as the printing press, electricity, and computers. https://t.co/Q4vKTZJ1ZU
Jamie Dimon on AI: "...the consequences will be extraordinary and possibly as transformational as some of the major technological inventions of the past several hundred years: Think the printing press, the steam engine, electricity, computing and the Internet..."
❖ Dimon: Rates might be higher than expected JPMorgan Chase & Co. CEO Jamie Dimon warned on Monday in an annual shareholders letter that due to potentially "stickier inflation," interest rates might end up standing at higher-than-anticipated levels. Dimon noted that although…
JPMorgan’s Jamie Dimon is worried about ‘stickier inflation and higher rates’ https://t.co/M6kq9WiJH8 by @DsHollers
JPMorgan CEO Jamie Dimon warns inflation, political polarization, wars creating risks not seen since WWII https://t.co/n2qgGw3mAE
❖ DIMON: INFLATION MAY BE STICKIER, RATES HIGHER THAN EXPECTED
1/ Jamie Dimon's 61 page annual shareholder letter is finally out for FY2023! $JPM -Says Federal deficit is a real issue hurting business confidence (govt spending could keep rates high) -A rate spike is very possible with stickier inflation -US economy resilient so far with… https://t.co/CxSrRWDD1w
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers https://t.co/r26Q0SmwC3
JPMorgan CEO Jamie Dimon says AI may be as transformational as the steam engine https://t.co/BcuVix5wqo
JP MORGAN CEO DIMON: INFLATION MAY BE STICKIER, RATES HIGHER THAN EXPECTED
Jamie Dimon warns government spending could keep interest rates high https://t.co/BE1zeGEtTI
JP Morgan CEO Jamie Dimon Warns US Might Face Interest-Rate Spike - WSJ https://t.co/nbVYGecKnu
Jamie Dimon Warns US Might Face Interest-Rate Spike - WSJ https://t.co/nbVYGecKnu
Jamie Dimon warns that U.S. interest rates could soar to 8% or more in coming years, reflecting the risk that high deficit spending and geopolitical stress will complicate the fight against inflation https://t.co/ptvdRbnEgo https://t.co/ptvdRbnEgo
🔴 JPMORGAN CEO DIMON: AI COULD AUGMENT VIRTUALLY EVERY JOB.
🔴 JPMORGAN CEO DIMON: THE US ECONOMY REMAINS RESILIENT WITH CONSUMERS SPENDING.
🔴 JPMORGAN CEO DIMON: INFLATION MAY BE STICKIER AND RATES HIGHER THAN EXPECTED.