JPMorgan CEO Warns of Stormy Times Ahead for US Economy

Jamie Dimon, CEO of JPMorgan Chase. Credit: Steve Jurvetson / Flickr / CC BY 2.0

JPMorgan Chase CEO Jamie Dimon is sounding the alarm connected the absorption of the US economy, cautioning that the afloat interaction of commercialized tensions, migration policies, and erstwhile fiscal measures has yet to emerge.

Speaking during a podcast interview, Dimon said galore of the economical consequences tied to tariffs and geopolitical issues unfold dilatory and person not afloat surfaced. His comments bespeak ongoing concerns that the US. economy whitethorn beryllium heading toward a play of instability contempt caller maturation data.

The JPMorgan CEO, a cardinal fig successful planetary finance, emphasized that markets and policymakers should not expect contiguous fallout from analyzable argumentation decisions. He noted that galore radical expect swift economical effects, but successful reality, specified developments thin to hap implicit extended periods.

Dimon besides pointed to lingering uncertainty surrounding past US taxation and spending policies, peculiarly those enacted during Donald Trump’s administration.

While JPMorgan has been expanding its engagement successful nationalist argumentation matters that it believes could fortify the economy, Dimon warned that risks remain, particularly successful areas specified arsenic inflation, widening recognition spreads, and a imaginable recession.

Dimon sees constricted interaction from Fed complaint cuts

Although the US system expanded much than expected successful the 2nd quarter—driven partially by beardown concern business successful intelligence spot and technologies similar artificial intelligence—Dimon said signs of weakness are opening to show.

JPMorgan CEO Jamie Dimon conscionable said

I THINK THE 🇺🇸 ECONOMY IS WEAKENING pic.twitter.com/fpSaajcXhm

— Evan (@StockMKTNewz) September 9, 2025

In a abstracted interrogation with CNBC connected Tuesday, helium described the expected involvement complaint cuts by the Federal Reserve arsenic having constricted impact, calling them mostly ineffective successful changing the broader outlook.

For respective quarters, Dimon has remained cautious adjacent arsenic immoderate of his Wall Street peers person struck a much optimistic tone. His ongoing warnings bespeak a deeper interest astir structural and outer pressures that could hinder maturation successful the months ahead.

Turning to the banking sector, Dimon said further consolidation is likely. However, helium ruled retired the anticipation of JPMorgan acquiring a overseas bank, noting that portion specified deals are permitted overseas, helium sees nary beardown crushed to prosecute them. Domestically, existent regulations forestall the slope from acquiring different US institution.

JPMorgan’s integer propulsion and enactment outlook

Looking ahead, JPMorgan plans to grow its integer banking operations to Germany by 2026, pursuing its earlier motorboat successful the U.K.

Regarding enactment succession, Dimon, who has led the slope for implicit 19 years, stated that nary status timeline is set.

He indicated that his eventual successor volition apt beryllium promoted from wrong the firm, portion helium is expected to enactment connected arsenic president for a transitional period.