
Jamie Dimon, CEO of JPMorgan Chase, stated that the US stock market may face a severe correction risk within the next six months to two years. In an interview, Dimon also mentioned that the United States is no longer a "so reliable" partner on the global stage, and he remains somewhat concerned about inflation issues in the country.
However, Dimon emphasized that the Federal Reserve should maintain its independence. These remarks come at a time when President Trump has strongly criticized Federal Reserve Chair Powell, raising concerns about the Fed's independence. Dimon believes that multiple factors have contributed to the current uncertain environment, including geopolitical risks, fiscal spending, and the remilitarization of global affairs.
He said in the interview, "All these factors have led to a series of problems we cannot solve. So, I say that in most people's minds, the level of uncertainty should be much higher than what is typically stated."
Dimon holds an overall optimistic view of artificial intelligence, which has been one of the main drivers of the recent stock market rally. He said, "In my view, AI is real, and overall, it will eventually deliver returns."
Since the beginning of the year, the S&P 500 has risen by 14.8%, the Dow Jones Industrial Average has increased by 9.5%, and the Nasdaq Composite has surged by 19.3%. On Wednesday, gains in tech stocks pushed the Nasdaq Composite to another record high, while investors awaited positive remarks from Powell at the community banking conference.
