Wall Street CEOs are increasingly worried about the loss of America's superpower status as they navigate uncertainties created by President Trump's tariffs. The tariffs are inflating costs for consumers and businesses while straining international relations. The business leaders are particularly concerned with the rising national deficit and the potential decline of the U.S. dollar as the global reserve currency. Jamie Dimon, CEO of JPMorgan Chase, stressed the urgency for the U.S. to maintain its economic and military strength to avoid losing dominance in the financial world over the next 40 years.
"We have to get our act together. We have to do it very quickly," JPMorgan Chase CEO Jamie Dimon told the Reagan National Economic Forum last month.
"If we are not the pre-eminent military and the pre-eminent economy in 40 years, we will not be the reserve currency," Dimon said at the conference.
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