JPMorgan Chase Ceo Jamie Dimon said that the recent downgrade of the United States' credit rating by Fitch Ratings "doesn't really matter" as borrowing costs are determined by the market, not rating agencies. Dimon also criticized other countries having higher credit ratings than the US, stating that it is "ridiculous" given the stability and military support provided by the US. He called for the elimination of the debt ceiling and expressed concerns about artificial intelligence being used by bad actors. Dimon also discussed the US economy, bank regulation, and geopolitical risks.

The post JPMorgan CEO Jamie Dimon Calls Fitch Ratings U.S. downgrade ‘ridiculous’ but says it ‘doesn’t really matter’ appeared first on Balanced News Summary.