Dimon added that while the U.S. banking system was “extraordinarily strong,” thanks primarily to post-2008 financial crisis reforms, markets will continue to be volatile so long as the Fed is boosting rates and shrinking its massive balance sheet.
Mishaps could manifest in emerging markets or at hedge funds with high leverage, Dimon said.
Analysts and investors have warned that the Fed is at risk of upsetting market stability as it boosts interest rates.
