Jamie Dimon, Chairman and CEO JP Morgan Chase and Company, 2021 Letter to Shareholders

Among the events and forces creating an “unprecedented” situation in Dimon’s view are Russia’s war on Ukraine, the resulting economic sanctions on Russia, and rising inflation. “We are facing challenges at every turn … [yet] we have a moment to put aside our differences, offer solutions and work with others in the Western world to come together in defense of democracy and essential freedoms, including free enterprise,” he stated in a highlighted excerpt.1