Jamie Dimon, of JP Morgan, says he is more concerned about market risks than others

JPMorgan Chase CEO Jamie Damon He warned in an interview that the stock market may be in for a major correction over the next few years amid growing uncertainty.

Damon He told the BBC There is an increasing risk of a stock market correction in the next six months to two years, he said, saying: “I worry about that a lot more than others.”

The head of the largest bank in the United States said that there are “a lot of things” that contribute to creating an atmosphere of tolerance Economic uncertainty With risk factors ranging from geopolitical tensions, fiscal spending, and global rearmament.

“All of these things cause a lot of issues that we don’t know how to answer,” Damon told the BBC. “So I’d say the level of uncertainty should be higher in most people’s minds than what I would call normal.”

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Dimon has expressed concern about the risk of conflict in recent years, warning earlier this year that the United States should be stockpiling advanced weapons after a report that the United States could be stockpiling advanced weapons. Running out of precision missiles Within seven days of conflict with China in the South China Sea or around Taiwan.

“People talk about storing things like cryptocurrencies, and I always say we should be storing bullets, guns and bombs,” Damon told the BBC. “The world is a much more dangerous place, and I would rather have safety than not.”

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JPMorgan Chairman said that while Artificial Intelligence (AI) The investment will generally pay off, and he acknowledged that some of the increase in investment in AI “will likely be lost,” and that not all investments in this area will work out positively.

“The way I look at it is that AI is real,” Damon said in an interview with the BBC. “And AI in general will pay off.” “Just like pay-per-view cars, pay-per-view TV, but most of the people involved in it didn’t do very well.”

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Damon has warned about this on several occasions Threats to the economy And the stock market this year, indicating high uncertainty.

Last month, Dimon said in an interview that he believes the economic impact of tariffs, changes in immigration policy, geopolitical challenges and changes in fiscal policy in the president Donald Trump We have yet to see one big, beautiful law.

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“I think it’s better to be careful about this (on the economic impact on the United States), because some of these things have long cycles. So we don’t know yet. People expect these things to happen immediately. But in reality, a lot of them haven’t,” Dimon said in an interview on the radio show “Office Hours: Business Edition.”

Reuters contributed to this report.