Jamie Dimon on economic alliances
From Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase · · Ronald Reagan Presidential Foundation & Institute
“I think economic allies are critical. We have a lot of them. We have a huge common interest. We have a common value system. We have a common interest. We should protect each other. So, you talk about all this trade stuff with China. The best protection in my opinion is that the Western world bring back in the things it needs for security which we'll talk about in a minute but that we have economic relationships that are profound and deep help our economy and help I I think if we're this is a little bit of a pipe dream that we can we should go to Europe and say if you do the right things we'll give you one big beautiful free trade deal.”
On , Jamie Dimon, Chairman & Chief Executive Officer at JPMorgan Chase, spoke about economic alliances during Conversation with Jamie Dimon, Chairman & CEO of JPMorganChase on Ronald Reagan Presidential Foundation & Institute.
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