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Dimon Warns Inflation Risks Amid Geopolitical Turmoil

3/3/2026

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Story summary
  • JPMorgan Chase CEO Jamie Dimon warned that inflation could become a significant issue after US and Israeli air strikes on Iran and the death of Ayatollah Ali Khamenei.
  • The Wall Street volatility index rose as oil prices surged.
  • Dimon said inflation could be a "skunk in a party" if it persists.
  • He discussed U.S. President Donald Trump's $5 billion lawsuit against JPMorgan, admitting to "debanking" Trump but denying political motivations.