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JPMorgan CEO Dimon: We may be in the most dangerous period in recent years
Jamie Dimon, CEO of JPMorgan, one of the world's largest investment banks, said that the recent Israeli-Palestinian war may have put the world in the most dangerous times of recent times.
Dimon, who said that geopolitical developments worried him and that the Fed could keep interest rates up for much longer, spoke at the meeting where the bank's quarterly figures were announced.
"Right now, we may be going through the most dangerous period in decades, even decades. There is also a risk that the Fed may keep interest rates higher for longer than expected. A persistently strong job market and high government debt are among the risks that could keep interest rates elevated."
Dimon has stated in recent weeks that there is a risk that interest rates will rise to 7%. The 2-day FOMC meeting, where the Fed will determine its next interest rate decision, will be held on October 31 and November 1. The decision will be announced on November 1.
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