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The Guardian - US

Business

Callum Jones in New York

JP Morgan CEO warns world may be facing ‘most dangerous time’ in decades

JP Morgan Jamie Dimon United States Israel Gaza International Trade

JP Morgan building in New York — Dimon cautioned that interest rates may increase further in the US as consumer savings dwindle. Photograph: Mike Segar/Reuters

The JP Morgan boss, Jamie Dimon, has warned the world may be living through “the most dangerous time the world has seen in decades” as Israel prepares to launch an expected ground offensive on Gaza.

The escalating conflict could have “far-reaching impacts” on energy prices, food costs, international trade and diplomatic ties, he said as JPMorgan Chase, America’s largest bank, reported earnings for the latest quarter.

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