JP Morgan CEO Jamie Dimon: Risks related to war could lead to more stubborn inflation, with interest rates higher than market expectations.

CEO of JPMorgan Chase, Jamie Dimon, stated that risks related to war could lead to more stubborn inflation and interest rates higher than expected by the market. Certain aspects of the revised U.S. Basel III agreement and the Global Systemically Important Banks Additional Capital Requirements proposal are still "extremely absurd." Under the revised proposal, JPMorgan Chase's Global Systemically Important Banks Additional Capital Requirements will only decrease "very slightly" to around 5.0%. The Global Systemically Important Banks Additional Capital Requirements penalize JPMorgan Chase's success; this move is "absurd" and goes against the American spirit. The Iran war increases the possibility of significant "oil and commodity price shocks" and reshaping of the global supply chain.