Jamie Dimon Warns of ‘Most Treacherous’ Time Ahead That Might Eclipse Anything Seen Since World War II

‘Beware of higher rates and recession,’ he said.

Jamie Dimon, chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win McNamee/Getty Images

JPMorgan CEO Jamie Dimon issued a stark warning about the U.S. economy, saying that the risks confronting Americans today may well be the worst since World War II, while cautioning of downside risks that may dash market expectations for an economic “soft landing.”

Mr. Dimon made the remarks in his annual letter to shareholders, in which he said that investors may be overlooking risks as they navigate a complex and dangerous world.