The rising geopolitical tension is Dimon's "biggest caution" and dwarfs all other visible risks to the economy. Dimon is especially worried about the ongoing war between Russia and Ukraine. In an interview last week at the 2024 Financial Markets Quality Conference, Dimon was even sharper in his warning to investors.

JPMorgan Chase CEO Jamie Dimon once again cited global instability as a reason why inflation may not yet be under control, saying that geopolitics is "getting worse."

At the recent Atlantic Festival, Jamie Dimon reflected on the U.S. economy, political instability, and how businesses must navigate uncertainty.