The JPMorgan Chase CEO flagged a long-term risk to the dollar’s global role, pointing to a potential shift with broad implications for U.S. borrowing costs and financial influence.
Jamie Dimon warned that America could lose its reserve currency status within 25 years. The brief statement points to a long-horizon concern over the dollar’s role at the center of global trade, finance and official reserves, a position that helps support U.S. market influence and relatively low borrowing costs. A loss of reserve currency standing would matter well beyond foreign exchange markets because it could reshape demand for U.S. assets and alter how governments and institutions manage cross-border payments and reserves.