JP Morgan boss warns of risks of higher inflation and interest rates due to Iran war in annual letter to shareholders
The head of the US’s largest bank has pressed the White House to strengthen Washington’s allies economically in order to “avoid truly adverse consequences”, in the latest instalment of an increasingly testy relationship with the Trump administration.
As the Middle East conflict sparked by US and Israeli attacks on Iran enters its sixth week, Jamie Dimon, the chair and chief executive of JP Morgan Chase, said in his annual letter to shareholders that “good” US foreign policy should put America first “though not alone”.
