JPMorgan CEO Dimon warns of market complacency, higher inflation risks post-tariff shock

From Yahoo Finance: 2025-05-19 13:35:00

JPMorgan Chase CEO Jamie Dimon warns of market complacency and higher inflation risks after investors recover losses. Dimon discussed tariffs, economy, and future of banking at an annual event. Dimon’s retirement timeline remains uncertain. Concerns over inflation, stagflation, and geopolitical risks were highlighted.

Dimon predicts higher inflation and stagflation risks due to tariffs. Uncertainty remains as trade deals are negotiated. Citigroup CEO Jane Fraser also warns of second and third-order effects. Dimon hints at a slowdown for clients in the current quarter. JPMorgan maintains full-year forecast for lending revenue.

Dimon criticizes Washington’s banking rules. Succession plan at JPMorgan remains unclear. Dimon’s lieutenants are potential successors. Technology spending at the bank increases. JPMorgan’s performance and growth strategy highlighted. Consumer bank division expects headcount reduction due to tech improvements.

Read more: JPMorgan’s Dimon sees ‘extraordinary amount of complacency’ as markets recover from tariff shock