May 30, 2025
Article from Financial Times by Martin Arnold, Kate Duguid, and Christopher Grimes
Article Synopsis
JPMorgan CEO Jamie Dimon warned that the U.S. bond market could “crack” under the growing national debt, urging the Trump administration to adopt more sustainable fiscal policies. He highlighted the risk of rising borrowing costs and reduced demand for U.S. Treasuries, especially amid geopolitical tensions and trade wars.
Dimon criticized excessive government spending and called for easing banking regulations to help absorb market shocks. He also supported raising taxes on carried interest. Dimon’s concerns echo broader Wall Street fears, as long-term yields rise and credit agencies downgrade U.S. debt due to projected deficits.
