JPMorgan Chase CEO Jamie Dimon issued a stark warning regarding the future of the American economy, identifying the ballooning national debt and volatile global politics as two “tectonic plates” that threaten to destabilize the financial order. Speaking at the Chamber of Commerce with Carlyle cofounder (and podcast host) David Rubenstein, the head of the nation’s most valuable bank cautioned the current U.S. fiscal trajectory is “not sustainable” and these shifting forces “may crash” in the near future.
Dimon, the longtime JPMorgan Chase chief who is widely regarded as the most influential banker in the world, has sharpened his criticism of U.S. fiscal policy as the gross national debt has surged to roughly $38.4 trillion.
