Jamie Dimon says US economic and military strength underpins the dollar's reserve status.
The US made a mistake relying on China for critical materials.
The Iran war shows the US isn't ready for a prolonged war.
The dollar could eventually lose its status as the world's reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said.
"If we're not the strongest military in 25 years and the strongest economy, we won't be the reserve currency either," Dimon said on PBS' "Firing Line with Margaret Hoover," which aired over the weekend.
#reserve #jamie #economic
The US made a mistake relying on China for critical materials.
The Iran war shows the US isn't ready for a prolonged war.
The dollar could eventually lose its status as the world's reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said.
"If we're not the strongest military in 25 years and the strongest economy, we won't be the reserve currency either," Dimon said on PBS' "Firing Line with Margaret Hoover," which aired over the weekend.
#reserve #jamie #economic
2 months ago
