Jamie Dimon says he is ‘a little optimistic’ on – Business News
JPMorgan Chase Chief Executive Jamie Dimon mentioned on Tuesday he was “a little optimistic” concerning the long-term prospects for stability within the Middle East regardless of the short-term dangers created by the conflict within the Gulf.
The battle, launched by the US and Israel in opposition to Iran on Feb. 28, has upended markets, despatched oil costs hovering, fueled international inflation fears and convulsed the post-war Western alliance.
Dimon, nevertheless, mentioned the battle had highlighted a shift in mentality within the area that might now create circumstances for the sturdy decision of long-standing tensions.
JPMorgan CEO mentioned he was “a little optimistic” concerning the long-term prospects for stability within the Middle East regardless of the short-term dangers created by the conflict within the Gulf. REUTERS
“Here’s why I’m a little optimistic,” he mentioned during the Hill & Valley Forum – a politics and tech convention in Washington – pointing to what he mentioned was a want amongst Saudi Arabia, the UAE, Qatar, the US, and Israel for “permanent peace in the Middle East.”
“It’s probably riskier in the short run, because we don’t know the outcome of it,” he added.
War exposes US lack of wartime capability, Dimon says
President Donald Trump has confronted heavy criticism from political opponents over the conflict, and even some US officers have mentioned Iran didn’t pose an imminent menace to the United States.
“Iran is a terrorist threat … This is an actual killing agent,” Dimon mentioned, pointing to Tehran’s involvement in regional proxy conflicts and help for armed militia teams.
But he mentioned that Israel additionally had a half to play to ease regional tensions.
“Israel’s got to do a little more, in my view, to help begin some kind of long-term Palestinian state,” he mentioned.
Follow The Post’s protection of the United States’ airstrikes on Iran:
Airstrikes on an oil depot in Tehran on March 7. Dimon mentioned the battle had uncovered the United States’ lack of industrial capability to quickly scale up arms manufacturing in wartime. Middle East Images/AFP by way of Getty Images
While he voiced cautious optimism over the area’s future, Dimon mentioned the battle had uncovered the United States’ lack of industrial capability to quickly scale up arms manufacturing in wartime.
He mentioned he had visited the Pentagon earlier on Tuesday and was deeply pissed off with its procurement guidelines, coverage constraints, multi-year finances rigidities and regulatory compliance burdens.
“Of course you also know that there’s going to be a lot more money spent on the military, which we really need to do,” Dimon mentioned. “We just want to be part of helping their supply chain.”
