J.P. Morgan Chase CEO Jamie Dimon raises concerns that rising interest rates and #geopolitical #flareups could derail U.S. economic growth. While rising rates amid a strong economy are good during periods of inflation, they could eventually put a halt to the nearly decade-long economic growth cycle, he says.
When asked to name these issues, Dimon rattled off a list that included the Trump administration's trade dispute with China, Brexit, the unwinding of bond-purchasing programs by central banks around the world, as well as flareups across Europe, the Middle East and Latin America including in Italy and Turkey.
"It's an extensive list of stuff," Dimon said, adding that most of the times, it's rising rates and not geopolitical issues that ends up derailing economic cycles. "I'm just pointing that out. No one should be surprised if it happens down the road."
