We're not out of the economic woods yet. At least not according to JP Morgan JPM CEO Jamie Dimon, who spoke Monday at the bank's annual investors conference. The fear and trepidation that markets felt when President Donald Trump first unveiled his tariff plan has only been matched by the exuberance felt since the White House announced a 90-day pause on the tariffs.

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.

The latest warnings from JPMorgan’s Jamie Dimon on geopolitical risks and tariffs have become par for the course.While he hasn’t quite achieved the stature of legendary investor Warren Buffett, as the head of America’s biggest bank people usually sit up and listen when Dimon makes predictions.

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 CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.

JPMorgan Chase CEO Jamie Dimon cautioned about the US tariff policy. He highlighted potential economic damage. Dimon noted rising tariffs and inflated asset prices. He also mentioned tougher borrowing conditions for businesses.