JPMorgan Chase CEO Jamie Dimon joins ‘Mornings with Maria’ to debate inflation dangers, client spending, Federal Reserve coverage and why he believes fixing authorities coverage might increase financial progress.
JPMorgan Chase CEO and Chairman Jamie Dimon is providing up particulars about his one-on-one assembly with New York Metropolis’s Democratic Socialist Mayor Zohran Mamdani.
“I had an ideal assembly with Mamdani, that means it was nice, you recognize, however I stated every part I needed to say,” Dimon advised FOX Enterprise’ Maria Bartiromo on the second annual Reagan Nationwide Financial Discussion board. “I’ve seen mayors develop into the job.”
“I imply, he is working the town with 300,000 workers now, he is by no means had a job like that. And I’ve seen mayors who simply, they fail abysmally as a result of they cannot administer themselves out of a paper bag, or ideology blinds them to sensible, reasonable, real-world coverage. And so we’ll see. And, you recognize, if I can assist them do the good things, I would be blissful to try this,” he continued.
Final Monday, Dimon and Mamdani met in particular person on the financial institution’s new headquarters in Manhattan, as Mamdani intensifies his outreach to Wall Road leaders following backlash over proposals to lift taxes on rich New Yorkers.
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The assembly was “constructive and the tone was pleasant,” a JPMorgan spokesperson advised Reuters. In line with Metropolis Corridor, the pair mentioned lowering authorities waste, slicing pink tape tied to growth initiatives and increasing public-private partnerships. JPMorgan stated the dialog additionally targeted on New York Metropolis’s competitiveness.
Jamie Dimon, chief government officer of JPMorgan Chase & Co., throughout a Bloomberg Tv interview on Tuesday, Might 12, 2026. (Getty Photographs)
“Good coverage is free. I really feel like telling the politicians, do not attempt to elevate extra taxes or spend more cash, sit down and repair coverage,” Dimon stated Friday. “And I believe you may go 1% sooner. I actually consider that.”
Bartiromo straight confronted Dimon about Mamdani’s controversial progressive marketing campaign techniques, particularly a video the mayor filmed concentrating on billionaire Ken Griffin.
“Yeah, however, Jamie, give me a break,” Bartiromo stated. “He did a video in entrance of Ken Griffin’s home. I imply, you recognize, that is a safety problem.”
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“I agree,” Dimon responded. “My guess is he most likely regrets that, however you bought to ask him that.”
Dimon additionally defined that he walked Mamdani by what he described because the realities of governing a significant metropolis, warning that governance just isn’t about morality slogans however fairly about financial competitors for expertise and security.
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JPMorgan Chase CEO Jamie Dimon joins ‘Mornings with Maria’ in a wide-ranging interview on inflation, rates of interest, Kevin Warsh, banking regulation, potential acquisitions, nationwide safety investments and China’s financial function.
“The competitors, you recognize, there’s taxes and there is particular person taxes, company taxes, there’s actual property taxes, there are different hidden taxes. After which there’s high quality of life, which has nothing to do with ideology. It is like crime, police, sanitation, hospitals,” the CEO stated. “And I would like him to succeed.”
“My opinion was, he was very well mannered. It was very earnest. We had an excellent dialog, however I stated every part I needed to say,” Dimon continued. “I bought to speak about reasonably priced housing and little one care. Most individuals need it. When you do it badly, it could be a catastrophe… Do it proper. There are research that may let you know easy methods to do it proper. Get individuals who know what they’re doing and implement correct insurance policies.”
