JPMorgan Chase CEO: Global tensions are the most pressing threat to economic stability

JPMorgan CEO Jamie Dimon has expressed great concern about escalating geopolitical threats, calling global tensions the most pressing threat to economic stability. Speaking at the Institute of International Finance last week, Dimon warned that ongoing conflicts in regions such as Ukraine and the Middle East could trigger a chain of events that could escalate into a global war, according to audio recordings obtained by Fortune. Dimon shifted focus away from current economic problems in the U.S., saying factors such as a possible hard or soft landing next quarter were "minuscule" compared to geopolitical concerns. While he expressed deep concerns, he also acknowledged that the risk of large-scale conflict may be reduced and said tensions may "lessen over time" and mentioned possible ceasefires in regions such as Ukraine and the Middle East. However, he expressed doubts about a major improvement, adding: “I talked about the risks we face if things go south. The scenarios we envision will surprise you. I don’t even want to mention them.” (Bitcoin.com)