Jamie Dimon, CEO of JPMorgan Chase, has highlighted the growing threat to the US economy from within, warning that internal issues such as state-level mismanagement and regulatory gridlock pose a significant risk to long-term economic health. Speaking at the Reagan National Economic Forum in California, Dimon emphasized the need for the US to “get our act together” and address key challenges.
Dimon’s comments come amid growing concerns about the US economy, including weak consumer confidence and fears of inflation. The ongoing trade tensions with China have also contributed to market volatility and raised concerns that a recession may be looming. Despite recent progress in tariffs negotiations, Dimon warned that there is still much work to be done to stabilize the global economy.
Dimon defined “the enemy from within” as a combination of state-level economic mismanagement, regulatory gridlock, and deficiencies in education and healthcare systems. He stressed the importance of maintaining military alliances and investing in the US military to ensure national security.
The situation is fluid, with Trump’s 90-day suspension of reciprocal tariffs set to expire on July 8, while the China tariff pause will end in August – both subject to potential cancellation. As the stakes continue to rise, Dimon’s warnings underscore the need for decisive action to address internal challenges and stabilize the US economy.
Hugh Cameron is a Newsweek U.S. news reporter based in London, UK, covering American economic and business issues.
Source: https://www.newsweek.com/jpmorgan-ceo-economy-threatened-enemy-within-2079490