Jamie Dimon Says Two ‘Significant Risks’ Loom Over the U.S. Economy | Global News Avenue

JPMorgan said two major risks threaten the “resilience” of the U.S. economy (JPMorgan Chase) CEO Jamie Dimon said before President-elect Donald Trump is scheduled to be inaugurated next week to begin his second administration.

The bank announced in a press release today Latest quarterly resultsDimon noted that the unemployment rate was lower at 4.1% in December. Latest government data— and “healthy” consumer spending to end the year.

He also looked forward to the next government, saying businesses were “more optimistic about the economy and encouraged by expectations of a more pro-growth agenda and greater collaboration between government and business”.

But Dimon also mentioned two “significant risks” in his statement:

• “Current and future spending needs are likely to fuel inflation, so inflation is likely to persist for some time.”
• “In addition, the geopolitical situation remains the most dangerous and complex since World War II.”

“We hope for the best but prepare the company for every scenario,” Dimon said.

Meanwhile, investors still wonder who might one day replace Dimon at the helm of the financial institution. There have been changes in its senior management team, announced yesterdayprovides new clues.

The bank’s shares were up about 1% in early trading.