Jamie Dimon, CEO of JPMorgan Chase, has issued a stark warning: the U.S. stock market may be more vulnerable than many realize. In an expansive interview, he said he is “far more worried than others” that a serious market correction could occur within the next six months to two years.
During his visit to Bournemouth, where JPMorgan announced a £350 million investment in its UK campus and a philanthropic donation, Dimon commented on broad economic headwinds. He described the current environment as unusually uncertain, citing factors like geopolitical tension, heavy fiscal spending, and shifts in global military postures.
Dimon acknowledged moderate inflation concerns in the U.S. but expressed confidence that the Federal Reserve would maintain its independence—even amid repeated criticisms from the Trump administration toward Fed Chair Jerome Powell.
He also warned about the exuberance in AI-related investments, comparing the current hype to the dot-com bubble. While he believes AI has long-term promise, he cautions that many participants may see losses: “AI is real… but many involved in it probably won’t do well,” he stated.
On the global stage, Dimon expressed concern that the U.S. has become “a little less reliable” as a partner. He also revealed that he is pushing for trade shifts, especially between the U.S. and India, suggesting that tariff reductions may be forthcoming for Indian exports—a move he has discussed with Trump officials.
Although his name is often floated for political office, Dimon dismissed personal ambitions. He said his current focus is on running a strong and vibrant company, though with a wry smile he added, “If you gave me the presidency, I’d take it.”
