We were thrilled to close out FMQ with a fireside chat between Jamie Dimon, Chair and Chief Executive Officer, JPMorganChase and Reena Aggarwal, Founding Director, Georgetown Psaros Center for Financial Markets and Policy, and Robert E. McDonough Professor of Finance, Georgetown University McDonough School of Business.
If you think that Dimon is concerned about the Federal Reserve’s next decision regarding interest rates, think again. What he said does concern him are geopolitical risks in places like Ukraine, Israel, and China.
“People overfocus on whether we will have a soft or hard landing,” Dimon said. But those overseas risks dwarf any other concern he has had since he started working. “If it really goes south, obviously it will affect markets like you’ve never seen.”
JPMorganChase’s CEO also weighed in on the countries whose future he’s optimistic about (Mexico and Brazil included), the future role of AI (“Is it going to be deflationary? No chance.”) and even work-life balance.
The advice that he gave for the younger generations who will be the next leaders in the financial services industry? To read the opinions of people from different political parties than you, crack open the history books, be flexible, and visit different countries (and get off TikTok).
“You only learn by reading and talking to other people,” Dimon said.