The JPMorgan Chase chief has long been skeptical of the nontraditional, and less regulated, lending business. Now he thinks its best days may be over.

Jamie Dimon, JPMorgan Chase's CEO, cautioned President Trump on the risks of tariffs to the US economy during the bank's earnings call. He stressed the importance of the Federal Reserve's independence,

JPMorgan Chase CEO Jamie Dimon said Tuesday that the independence of the Federal Reserve is 'absolutely critical' and that 'playing around with the Fed can often have adverse consequences.'

Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

JPMorgan CEO Jamie Dimon warned that President Trump’s trade policies pose “significant risks” to the US economy — even as the bank announced second quarter profits that were once again boosted by

The Consumer Price Index (CPI) for June came in hotter than May's report as the first signs of Trump's tariffs appeared in the economic data. Excluding volatile food and energy prices, consumer prices rose 2.9% year over year compared to a 2.8% increase in May. Results were in line with economists' forecasts.

Dimon cautioned that while the U.S. economy remains resilient, it is still staring at “significant risks” caused by the Trump administration’s tariff policies.

Jamie Dimon warned that markets are underestimating inflation and the risk of more Fed rate hikes amid global trade tensions.