JPMorgan Chase CEO Jamie Dimon issued a stark warning about the U.S. bond market, predicting it will “collapse” under the weight of excessive government spending and Federal Reserve policies. He criticized the Trump administration’s fiscal trajectory, urging a shift toward sustainability, and revealed he had previously alerted regulators to these risks. “This will definitely happen—you’ll panic, but we’ll be fine,” Dimon said, though he admitted uncertainty over whether the crisis would strike in “6 months or 6 years.”
Dimon’s remarks underscore Wall Street’s deepening anxiety over soaring U.S. debt levels, amplified by Congress’s review of Trump’s budget bill, which could widen the federal deficit. His warning highlights the precarious balance between stimulus-driven growth and long-term financial stability.
The JPMorgan chief framed the potential crisis as a wake-up call, stressing the need to reform debt accumulation and market-maker capacity. As debates over fiscal policy intensify, Dimon’s blunt assessment signals mounting pressure on policymakers to address what he sees as an inevitable reckoning for the bond market.
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