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JPMorgan Chase (JPM) Warns The Dollar Could Lose Reserve Currency Status
JPMorgan Chase (NYSE:JPM) CEO Jamie Dimon warned that the U.S. dollar could face pressure on its reserve currency role if the country loses its economic and military edge.
Dimon linked this risk to long term U.S. competitiveness and referenced JPMorgan's US$1.5t Security and Resiliency Initiative focused on manufacturing, energy, and defense supply chains.
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