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Fortune
Fortune
Mia Osmonbekov

Jamie Dimon warns dollar dominance depends on the military: ‘If we're not the strongest military in 25 years…we won't be the reserve currency either’

Jamie Dimon United States Eswar Prasad Economy Fortune
Photo of Jamie Dimon speaking with a blurred American flag behind him at a defense conference (Credit: Tom Brenner–Bloomberg/Getty Images)

Jamie Dimon has a warning for Americans accustomed to the dollar sitting atop the global financial system: U.S. military supremacy may be one of the things keeping it there.

The JPMorgan Chase CEO said the U.S. risks losing the dollar’s status as the world’s reserve currency if the country can no longer boast the world’s strongest military and economy in the future.

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