# Jamie Dimon of JPMorgan Chase is out with his annual letter.

*fintech · news · 2026-04-06 · The New York Times*

## Key points

- Jamie Dimon questions the valuations of private credit funds in his annual letter.
- Dimon states private credit likely does not pose a systemic risk to the financial system.
- He warns that rising inflation in 2026 could trigger higher interest rates and falling asset prices.
- Dimon highlights that rapid asset price declines could quickly shift market sentiment toward cash.

**Companies:** JPMorgan Chase
**Countries:** United States, Israel, Palestine

[Read the full story on The New York Times](https://www.nytimes.com/2026/04/06/business/dealbook/jamie-dimon-war-private-credit.html)

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