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Fortune
Fortune
Luisa Beltran

As JPMorgan, Wells Fargo and Morgan Stanley beat Q1 expectations, Jamie Dimon says he cares less about the U.S. economy than that the “Western world stays together economically”

(Credit: Courtesy of Noam Galai/Getty Images)

Jamie Dimon, JPMorgan’s chairman and CEO, thinks keeping the “world safe and free for democracy” may be a bigger issue than the U.S. economy right now

Dimon, in a prepared statement Friday, warned about the prospects for the U.S. economy, which he said was facing “considerable turbulence (including geopolitics), with the potential positives of tax reform and deregulation and the potential negatives of tariffs and ‘trade wars,’ ongoing sticky inflation, high fiscal deficits and still rather high asset prices and volatility. As always, we hope for the best but prepare the Firm for a wide range of scenarios.”

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