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JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s. "Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York. The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again.

JPMorgan Chase (JPM) CEO Jamie Dimon is concerned the US economy could be in for a repeat of the problems that hampered the country during the 1970s. "Yes, I think there’s a chance that can happen again," he said during an appearance Tuesday at the Economic Club of New York. The economy in that troubled decade was constrained by stagflation, a combination of low growth and high inflation, and Dimon said such a risk exists again. "I worry that it looks more like the seventies than we've seen before," he added during a question-and-answer session with Marie-Josee Kravis, chair of...

Jamie Dimon, the CEO of JPMorgan Chase, issued a sober warning for the U.S. economy in his annual letter to investors this week. Dimon pointed to wars breaking out in Europe, the Middle East, and growing tensions with China as major drivers to economic uncertainty which have helped fuel “higher energy and food prices, inflation rates and volatile markets.” The crises on the foreign policy front are largely a reflection of President Joe Biden’s weakness on the world stage as America’s adversaries have felt that they have more latitude in what they are able to get away with under the...

Jamie Dimon is the CEO of JPMorgan and describes himself as “barely a Democrat.” His name has often been floated as a potential candidate for president, and at 68, he seems positively youthful compared to the two frontrunners for president this year. He could run 4 or 8 years from now and still get consideration–although you can bet that Gavin Newsom, Kamala Harris, Elizabeth Warren, Bernie Sanders, Gretchen Whitmer…well, you get it, a lot of Democrats are ahead of him in line for the top slot. They wouldn’t roll over to let him take the top prize. Not only that,...

At this point in the vaccine rollout, most believe that there’s nothing that can be done to convince those who refuse to get vaccinated to change their minds. President Biden’s attempts to force a federal mandate on workers via OSHA was blocked by the courts. But that hasn’t stopped Wall Street from barring the unvaccinated from its facilities, even though vaccinated employees are just as likely to spread the virus. Not long after Citi became the first megabank to announce plans to fire workers who refused to comply with vaccination policies, private equity giant Blackstone will now prohibit any workers...

JPMorgan Chase CEO Jamie Dimon slammed Democratic messaging about MAGA, or “Make America Great Again,” Republicans on Wednesday, telling Democrats to “grow up” and “listen” to supporters of former President Trump. “When people say MAGA, they’re actually looking at people voting for Trump and … they’re basically scapegoating them,” Dimon told CNBC’s “Squawk Box.” “I don’t like how [Trump] said things about Mexico … but he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him,” Dimon continued. “And I think people should be a little more respectful of our fellow citizens.”

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve's rate trajectory, 2024 economy, looming bank regulations and artificial intelligence. https://www.foxbusiness.com/video/6344549070112 (RECESSION??)

A seemingly unrelenting wave of debt is piling onto America’s balance sheet. New data from the U.S. Treasury Department show the federal debt increased by over $296.524 billion from August 8th to September 8th, reaching a total of $32.940 trillion. The new numbers come as JPMorgan Chase CEO Jamie Dimon issues a warning on America’s fiscal trajectory. At a conference hosted by Barclays, Dimon told reporters that America’s rapid rate of spending is bound to have a significant impact on households. “I just think people make a mistake to look at real-time numbers and not look at the future. And...

Lawyers for one of Jeffrey Epstein's accusers want a second chance at deposing JPMorgan Chase CEO Jamie Dimon, telling a federal judge Friday that the bank took too long to turn over hundreds of documents they could have used when they questioned him under oath last month. In a letter to Judge Jed Rakoff, an attorney for the Epstein victim wrote that JPMorgan's "untimely" and "inexplicably slow" delivery of documents was a strategic move. "By way of background, in May this Court admonished JPMC for producing documents at an inexplicably slow rate," the lawyer, Sigrid McCawley, wrote Friday. The admonishment...

As the global economic intelligentsia debates how to “decouple” or “de-risk” from China, Elon Musk clearly didn’t get the memo. The Tesla founder was feted like a returning king in Beijing this week. From the moment his private jet arrived on Tuesday, Musk is reportedly being called “Brother Ma,” putting him in rarified league with Alibaba billionaire Jack Ma. There are many takeaways from Musk’s first China visit in three years. One is that not everyone is decoupling from China, least of all the globe’s most influential electric-vehicle (EV) evangelist and owner of Twitter. Another: the future of EV production...

He may be a hero on Wall Street but the JP Morgan boss Jamie Dimon is seriously uncool in the eyes of students. There's revolt in the air at Syracuse University in upstate New York where Dimon is due to give a graduation address next month. Disgruntled students complain that the university's invitation to Dimon amounts to an attempt to use their commencement ceremony (graduation to us Brits) as a tool to rebuild the public image of the disgraced banking industry. And they point out that while JP Morgan coins in record profits, the credit crunch has left many students...

The rich and famous appeared to have few qualms about palling around with Jeffrey Epstein following the disgraced financier’s 13-month prison stay for soliciting sex from an underage girl, with boldface names appearing on his schedule such as Chris Rock, David Blaine, Bill Gates, Richard Branson, JPMorgan boss Jamie Dimon, and the former CEO of one of Donald Trump’s Atlantic City casinos. That’s according to a tranche of emails obtained by The Daily Beast, which reveal others who showed up on Epstein’s dance card as having included music industry titan Tommy Mottola, Wendi Murdoch, Russian supermodel Irina Shayk, late comedian...

Jamie Dimon warned that a U.S. default would be “potentially catastrophic,” and pleaded with politicians to “please negotiate a deal” before the country breaches its borrowing cap in early June. If the U.S. defaults on its debt, the JPMorgan CEO warned in a Thursday interview with Bloomberg TV, it would hit “contracts, collateral, clearing houses, and affect clients definitely around the world.” Dimon expressed some hope that the U.S. would be able to negotiate a solution if markets begin to worry that a default might happen. "The closer you get to it, you will have panic" in terms of market...

Whether for his controversial comments on private property seizure by governments and corporations or his coming testimony in the JPMorgan-Jeffrey Epstein case, Jamie Dimon – the CEO of JPMorgan – has been in the news a lot lately. While Dimon’s comments often receive media attention by virtue of the power he wields on Wall Street and the U.S. banking industry at large, most know very little about Dimon’s time before JPMorgan and how he came to lead one of the largest, most powerful banks on Wall Street and in the world. As detailed in Part 1 of this series, Dimon’s...

In his annual letter to shareholders, JPMorgan Chase CEO Jamie Dimon suggested that the U.S. government and climate conscious corporations may have to seize citizen’s private property to enact climate initiatives while there still time to stave off climate disasters.

JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the government may need to seize private property to advance clean energy initiatives. Dimon discussed the need to quickly begin investing in solar projects and other green initiatives and suggested that the government should use eminent domain to seize property for those projects. “At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke [sic] eminent domain – we simply are not getting the adequate investments fast enough for grid, solar,...

JPMorgan Chase CEO Jamie Dimon slammed the Biden administration in an interview this week over how the U.S. has responded to the energy crisis that has been worsened by Russia’s war in Ukraine by saying the U.S. has taken the wrong approach and the country needs to step up and “play a real leadership role.” Dimon made the remarks during an CNBC interview this week when he was asked about how worried he was about Europe this winter given the war in Ukraine and the energy crisis on the continent. “Well, I think we’re getting energy completely wrong, which is,...

Tom Elliott @tomselliott: Rep.@RashidaTlaib challenges bank CEOs to agree to stop funding fossil fuels, is rejected by every single one Jamie Dimon: "That would be the road to Hell for America"

JP Morgan's CEO Jamie Dimon has been telling senior managers that he wants rank and file bankers back in the office five days a week in a dramatic shift from their hybrid working model. The finance giant is currently building a $3billion 70-story office tower on New York's prime Park Avenue - and Dimon is said to be worried that it'll sit empty if staff continue to work from home multiple days a week. The investment bank's titan has emphasized the company's apprenticeship model - where staff work collaboratively and learn from one another in the office environment.

JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the same. “You know, I said there’s storm clouds but I’m going to change it… it’s a hurricane,” Dimon said Wednesday at a financial conference in New York. While conditions seem “fine” at the moment, nobody knows if the hurricane is “a minor one or Superstorm Sandy,” he added. “You better brace yourself,” Dimon told the roomful of analysts and investors. “JPMorgan is bracing ourselves and we’re going to be very conservative with our balance...