The world’s most powerful banker gives a frightening new warning about Trump’s new dressed rates

The most powerful banker of the nation has a sobering assessment of the American economyWarning that the true fallout of the radical rate policy of President Trump still has to be felt.

In a dramatic appearance on the annual investor day of JPMorgan Chase, Jamie Dimon said from the old CEO that behind the scenes of rising screens stock market Is a deep and undervalued risk.

Dimon is known for his measured analysis, but he says that he believes that rising costs, uncertain trade flows and an American economy are precarious full of artificially inflated asset prices for an uncertain time.

“There is an extraordinary amount of complacency,” said Dimon. ‘The last time the country saw 10% rates 1971 was on all trading partners. “

Dimon did not bump when he described President Trump’s tariff strategy as ‘fairly extreme’, even in his scaled form after an announcement of 2 April that placed the most rates on a temporary break of 90 days.

The CEO had warned about “considerable turbulence” in the economy at a time when customers became careful and withdraw to deals.

Dimon, 69, has run JPMorgan Chase for more than 19 years, the largest American bank, which overpasses many other CEOs and is one of the Most prominent voices in the American business community.

Despite the break, the rates remain historically high for the majority of the American trading partners, and companies give all the damage.

In his most recent winning report, Walmart, the largest retailer in the country, warned that it would be forced to increase prices because of the ratesmentioning the resulting cost increases ‘unprecedented in history’.

Other business giants, including General Motors, Jetblue and Volvo, have fully suspended their forward guidelines, referring to unpredictability of the market and rising input costs.

InflationAlthough mild in April, it is expected that it will rise in the coming months as the price increases the wrinkle by supply chains.

Dimon has issued a blunt warning that suggests that stock markets could see a sale of 10% when investors start Talk the full scope of the impact of the rates.

Although a large part of the market remains bullish, Dimon also brought a red flag to another front: business credit.

Companies that have been used to cheap financing for a long time are now confronted with a more hostile credit environment, and Dimon believes that a credit crisis could loom.

“American asset prices, I still think they are a bit high,” said Dimon. “I think credit is a bad risk today.”

JPMorgan has the largest market share of American consumer accounts and houses 11.3% of the retail deposits, making it a reliable measure of consumer health.

Although commercial negotiations have helped Acceleration of a few jitters in recent daysManagers remain on their care for the economic prospects, with Dimon -warning last week that a recession could not be excluded.

It is not the first time that Dimon has sounded alarms, but the severity of Monday’s message suggests a shift in tone of caution to outright concern.

Dimon has been added to the volatility and Dimon Skeptsis that central banks could stop the economy if the tariff -controlled delay deteriorates.

“We have what I consider as almost complacent central banks who think they are all -powerful,” he said. “They have only set the short -term rates.”

Dimon warned the threat and warned that the aggressive tariff strategy of America could permanently change its position in the world economy.

“It is unknown how other countries will react,” he said, and noticed how much there are already negotiating new trade agreements – without the United States.

Dimon’s comments this week follow months of escalating concern.

In April he used his annual letter to the shareholders to warn that the tariff actions of the White House ‘worldwide alliances and slow down economic growth can undermine’.

“Whether the rates menu or not causes a recession remains in question, but it will slow down growth,” he wrote.

At the time, JPMorgan raised his recession for 40% to 60%.

In a appearance that same week, Dimon again gave a two -part message that the foundations of America are strong, But the policy path is risky.

“We have the best economy in the world,” he told Fox Business. ‘Our GDP per person is $ 85,000. China is $ 15,000. But I hope what they really do, [Treasury Secretary] Scott Bessent … negotiating. ‘

He added: ‘They put the rates in it and it was much further than what people had expected. That will cause some inflation, slow down growth. ‘

While President Trump has repeatedly banned the risks of his rate policy that is “cool!” And call it a good time to buy.

Trump supporters, including Hedgefonds billionaire Bill Ackman, have expressed rare concern. “Business is a game of confidence,” Ackman posted last month. “And trust depends on trust.”