The CEO of JPMorgan Chase, Jamie Dimon, said on Monday that the financial markets and central banks do not correctly evaluate the dangers of the huge deficits of the US, the protectionist commercial policies and the geopolitical tensions, writes CNBC. Dimon presented his perspective at the annual meeting with investors, organized in New York. According to him, the risks related to high inflation are not reflected in stock exchange values. «We have huge deficits, and the central banks do not see the situation correctly,» Dimon said. «You think these things can be easily managed. I don't believe that.» Dimon's statements come after the Moody's rating agency relegated US rating on Friday, invoking concerns about increasing public debt. The markets have been extremely volatile in recent months, in the context of President Donald Trump's trade policies could stimulate inflation and slow down the global economy.
For other news, analyzes, articles and information from real -time business follows the financial newspaper on WhatsApp Channels