NEW YORK >> JPMorgan Chase CEO Jamie Dimon is cautious about the U.S. economic outlook, believing that the full effects of tariffs and other geopolitical headwinds have yet to fully unfold.

“I think you better be careful on that one (on the economic impact on the U.S.) because some of these things have long cycles. So we don’t know yet. People are expecting these things to happen right away. But actually, a lot of them haven’t happened,” Dimon said in a podcast interview on Office Hours: Business Edition set to be released on Wednesday morning.

The impact of tariffs, immigration, geopolitics and President Donald Trump’s tax and spending package is still not fully known, Dimon warned. He added that the bank has doubled down on getting involved in policies that it thinks will help the U.S.

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