Jamie Dimon's Stark Market Caution: Stakes Higher

JPMorgan Chase CEO Jamie Dimon has warned about the increased possibility of a significant correction in the U.S. stock market over the next six months to two years. Speaking to the BBC, Dimon cited various risk factors including geopolitical tensions, fiscal spending, and global remilitarization as contributors to market uncertainty.

Dimon expressed concerns about the sustainability of the current stock market levels, suggesting that the market might be overheated. He pointed to significant issues without clear answers and mentioned mild worries about inflation. However, he voiced confidence in the Federal Reserve's autonomy amid criticism from the Trump administration targeting Fed Chair Jerome Powell.

Last month, Dimon advised caution about the U.S. economic panorama, highlighting the uncertain effects of tariffs, immigration, and policy decisions made under President Donald Trump's administration, owing to their long-term implications.

(With inputs from agencies.)