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cailian news service, september 25 (editor xia junxiong) on tuesday (september 24), jpmorgan chase ceo jamie dimon warned that global geopolitics is getting worse. dimon had previously listed geopolitics as the world's biggest risk.

“what i’m wary of is geopolitics, which could dictate the economics,” dimon said in an interview tuesday at a jpmorgan chase & co. conference in mumbai, india.

“geopolitics is getting worse, not better. there could be surprises in the energy supply chain. god knows if other countries will get involved, and there are a lot of wars going on right now,” dimon said, citing attacks on shipping by yemen’s houthi rebels in the red sea.

since november last year, the houthis have frequently attacked merchant ships in the gulf of aden and the red sea in retaliation for israel's continued attacks on the gaza strip. according to the us military, the houthis have attacked at least two crude oil tankers this month.

"geopolitical instability is my biggest concern," dimon said, urging the u.s. to prepare for a protracted war between ukraine and russia.

nearly a year ago, dimon called geopolitics the biggest risk he saw facing the world, more serious than high inflation or a u.s. recession.

dimon was equally pessimistic about the outlook for the u.s. economy, and he poured cold water on the idea that the federal reserve could achieve a soft landing for the economy.

as expected, the federal reserve finally started its long-awaited easing cycle last week, with the first interest rate cut reaching 50 basis points, which exceeded market expectations to a certain extent. the u.s. stock market was greatly boosted, and the rally continued into this week. the s&p 500 index closed at a record high again on monday.