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Jamie Dimon
Chairman & Chief Executive Officer, JPMorgan Chase

Jamie Dimon Talks Election Result and Banking | Bloomberg Talks

🎥 Nov 13, 2024 📺 Bloomberg Podcasts ⏱ 3m 👁 6875 views
JPMorgan Chase Chief Executive Officer Jamie Dimon discusses how companies are looking ahead to the next Trump Administration. He speaks with Bloomberg's Lisa Abramowicz from the APEC CEO Summit in Peru. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders. Listen to more Bloomberg...
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About Jamie Dimon

Jamie Dimon, chairman and CEO of JPMorgan Chase, has been a prominent voice at recent economic forums. In May 2026, speaking at the Reagan National Economic Forum, Dimon described the U.S. economy as “pretty good,” citing 2% growth and low unemployment, while noting that inflation was “ticking up.” He characterized the stock market as “exuberant,” adding that while corporate earnings were strong, there was “hype” in some areas and that low credit spreads represented a risk. Dimon repeatedly warned of “tectonic plate” geopolitical shifts, including the war in Ukraine, the conflict in Iran, remilitarization, and trade restructuring, which he said “dwarf the short-term economy.” He expressed a wish for more U.S. support for Ukraine and said he hoped the Iran war would “settle properly for us.” Dimon also focused on domestic policy, advocating for what he called “good policy” over tax increases or new spending, and arguing that fixing regulation could boost growth by 1%. He discussed a meeting with New York City Mayor Zohran Mamdani, saying he had “said everything I wanted to say” and noted that mayors can fail if “ideology blinds them.” Dimon announced JPMorgan’s “American Dream Initiative,” which includes targets for mortgages, affordable housing, small-business banking, and financial education. On technology, he praised SpaceX as “extraordinary” and acknowledged that AI will create and replace jobs, but argued the U.S

Source: AI-verified profile updated from Jamie Dimon's recent appearances. Browse all interviews →

Transcript (7 segments)
✨ AI-enhanced transcript with speaker attribution
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Reporter0:00
One of the things we've been following is certainly commentary from Jamie Dimon, of course he is the CEO of JPMorgan Chase. He has been at the Apex CEO Summit Peru 2024 and he actually sat down with our own Lisa Abramowitz, who is one of the co-hosts of Bloomberg Surveillance, talking about a lot of things. Let's listen into some of that conversation.
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Jamie Dimon0:19
You had a big seat change that took place in that vote the other day, and some people prepared and some weren't prepared. But I think the most important thing is whoever had been elected, and this is my belief, they are entering and going to be responsible for the most complicated geopolitical, military, and geoeconomic situation that the world has faced since World War II. And of course I wish them all the best. I think people try to help get through this. It's going to be a difficult thing with a lot of unknowns and uncertainties. And so policy is going to matter, and of course who runs the government will be determined.
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Lisa Abramowitz0:55
President-elect Donald Trump sends a message to you that he respects you greatly, but you will not be part of the Trump Administration as a Treasury secretary. If that were something that were interesting to you?
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Jamie Dimon1:06
First of all, I wish the president well and thank you, it's a very nice note. But I just want to tell the president also, I've never had a boss for 25 years. I'm not about ready to start.
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Lisa Abramowitz1:26
I want to start by also talking about the sponsor markets in the US, which has very much been this is going to be a pro-growth shock with companies that are going to be investing much more, deploying cash aggressively in terms of US expansion. Have you seen any signs that that's truly the case?
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Jamie Dimon1:44
Well, yeah. You've seen the markets have responded quite well. And I think America needs a growth strategy, so I literally applaud that. I think collaboration between government and business is the way to have growth. They've already spoken about a regulatory environment. I want to point out, I'm not talking about just getting rid of regulations, but the regulatory environment in most countries has become stifling. In a lot of countries, including Peru, it's why you're growing maybe at 2.5%, not 4 or 5. In America, it's why we've been growing at 2% for 20 years and maybe not 3%. So I do think it's a reasonable thing to have that kind of reform, and that reform has to go deeper than just regulations, which can unleash capital and investment and banking and stuff like that. It's got to be permitting and all the related things that come with that. For example, someone bought land that could do rare earth in the United States, it's 10 years and they haven't got their permits yet. I mean, it's a shame, and we're doing this to ourselves, and it's a mistake. So I applaud any government that says I'm going to make government more efficient. And I think inefficient government is one of the reasons that people are frustrated. That's why you have some populism, because they may blame big companies, but they also know the government isn't spending their money wisely.
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Reporter2:57
Well, there you have it. Jamie Dimon of JPMorgan Chase at the Apex CEO Summit in Lima, Peru, speaking to Bloomberg Surveillance co-host Lisa Abramowitz.