Is Dimon worried about the economic effect?

“I’m less concerned about the economic effect than obviously the geopolitical,” Dimon said Friday. “Currently, US consumers and businesses generally remain healthy.” Dimon also said that tight labor markets and high government debt levels could keep inflation elevated for some time and that interest rates could rise further.

Is Dimon preparing a bank for a war in Ukraine?

For Mr. Dimon, weighing in on geopolitics isn’t new: He consistently warns of dangers from the war in Ukraine and elsewhere. On Friday, he said he was preparing the nation’s largest bank for a range of scary outcomes, with other risks including high inflation and rising interest rates.

Who is Jamie Dimon?

JPMorgan’s chief executive, Jamie Dimon, warned of “far-reaching impacts” from the conflicts in Israel and Ukraine. Marco Bello/Reuters JPMorgan Chase’s chief executive, Jamie Dimon, is as close as Wall Street has to a statesman, and on Friday he sounded a major alarm about the global effects of the conflict in Israel and Gaza.