Jamie Dimon, CEO of JPMorgan Chase, has issued multiple warnings regarding the outlook for the U.S. and global economies. In June 2025, Dimon cautioned that economic conditions in the United States could deteriorate soon. He also highlighted concerns about the European Union's competitiveness, noting that Europe's share of U.S. GDP has declined from 90% to 65% over the past 10 to 15 years, attributing this decline to interventionist policies and regulatory burdens. Dimon described Europe as "losing" in the global economic race compared to the U.S. and China. Additionally, he expressed concerns about the risks posed to the U.S. economy by trade policies implemented during the Trump administration. On monetary policy, Dimon urged the Federal Reserve to adopt a cautious and measured approach to interest rate decisions, warning that markets might be underestimating inflation risks and overestimating the likelihood of rate cuts. Despite this caution, he indicated that tariff negotiations were progressing well and predicted that the Fed would likely cut rates in the near future.