Global markets will face increased volatility as central banks bring interest rates back to normal levels, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said.

"We should all hope for a normalization of interest rates—that's a good thing," Dimon said today during a panel discussion at the Fortune Global Forum in Chengdu, China. "As we go back to normal, its going to be scary, and its going to be kind of volatile."

Investors have been encouraged to buy riskier assets as global central banks unleashed unprecedented monetary stimulus after the financial crisis of 2008. Concern that the policies would be reviewed grew last month, following comments from Federal Reserve Chairman Ben S. Bernanke.

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