Jamie Dimon says the dollar could lose reserve-currency status if the US loses its economic and military edge

JPMorgan CEO Jamie Dimon stated that the dollar's reserve currency status depends on the United States maintaining its economic and military dominance. He argued that vulnerabilities, such as US reliance on China for critical materials and lack of productive capability demonstrated during the Iran war, point to potential future instability. To address these weaknesses, JPMorgan launched a $1.5 trillion Security and Resiliency Initiative focused on key sectors like AI, advanced manufacturing, and defense.