Dimon: Dollar’s Reserve Status Could Fade If U.S. Edge Wanes

JPMorgan CEO Jamie Dimon warned that the dollar could lose its status as the world’s reserve currency if the United States does not maintain its economic and military leadership. He pointed to the dollar’s share of global reserves (about 57%), vulnerabilities from overreliance on China for critical minerals, and a long-run need to bolster domestic production. Dimon also highlighted the Iran conflict as exposing defense-readiness gaps and noted JPMorgan’s $1.5 trillion Security and Resiliency Initiative to strengthen essential industries, from minerals to AI and quantum computing.