Overview

• Jamie Dimon highlighted the risk of stagflation in the U.S., citing inflationary pressures from global fiscal deficits, remilitarization, and trade restructuring.
• The Congressional Budget Office estimates that President Trump’s proposed tax and spending bill would add $3.8 trillion to the federal debt over the next decade.
• Dimon expressed cautious support for the tax bill, noting it could stabilize the economy short-term but exacerbate long-term deficits.
• The Federal Reserve has maintained steady interest rates since January, a move Dimon praised as prudent given ongoing economic uncertainties.
• Moody’s recently downgraded the U.S. credit rating, reflecting concerns over ballooning national debt and fiscal vulnerabilities.