JPMorgan Chase Chief Executive Jamie Dimon said on Thursday U.S. President Donald Trump's massive tax and spending bill could help bring stability but it is not conducive to deficit reduction. The bill cleared a crucial hurdle on Wednesday,

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JPMorgan Chase CEO Jamie Dimon said markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.

JPMorgan Chase & Co. created a unit aimed at guiding clients through geopolitical risk, which Chief Executive Officer Jamie Dimon has said dwarfs any other concern throughout his career. The biggest US bank launched its “Center for Geopolitics” Wednesday with research on Russia and Ukraine,

The largest US lender also said it might earn more from interest payments this year despite decline in the second quarter on Monday.

The boss of Wall Street’s biggest bank fears that extreme complacency crept into the market as investors shook off last month’s tariff scare. Wall Street strategists say he might be on to something.