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

“We should all hope for a normalization of interest rates — that’s a good thing,” Dimon said yesterday during a panel discussion at the Fortune Global Forum in Chengdu, China. “As we go back to normal, it’s going to be scary, and it’s 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 after comments from Federal Reserve head Ben Bernanke.

Price swings across assets and around the world are holding below historical averages.