JP Morgan boss Jamie Dimon sounds warning on US stock market fall

Jamie Dimon said he was "far more worried than others" about the potential for a stock market correction.

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Jamie Dimon, who leads America's largest bank, said he was "far more worried than others" about a serious market correction, which he said could come in the next six months to two years.

In a rare and wide-ranging interview, the bank boss also said that the US had become a "less reliable" partner on the world stage.

He cautioned he was still "a little worried" about inflation in the US, but insisted he thought the Federal Reserve would remain independent, despite repeated attacks by the Trump administration on its chair Jerome Powell.

Jamie Dimon was in Bournemouth, where he was announcing an investment of about £350m in JP Morgan's campus there, as well as a £3.5m philanthropic investment in local non-profits.

https://www.bbc.com/news/articles/cg5ej03p604o?at_medium=RSS&at_campaign=rss


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