JPMorgan CEO Jamie Dimon has warned that the US-Israeli war with Iran could lead to persistent inflation and higher interest rates that could sink the US economy into a recession and redefine the global economic order. Dimon stated that despite the US being on better footing now than in years past, the war could potentially disrupt the global economy. He also warned of potential disruptions to US-China relations, trade policy, and the private credit market. He called gradually rising inflation and interest rates "the skunk at the party" that could cause stocks to fall this year. Dimont also warned that high government debt loads could pose a problem if not properly managed, and that high GDP and low interest rates could result in a crisis down the road if left unchecked.