JP Morgan Chase CEO Jamie Dimon expressed optimism about the future of America. Sharing advice for young investors in an interview with Fox Business recently, Dimon urged the younger generation to stop focusing on the negative aspects of the current state of the US. Expressing optimism about a ‘promising’ future, he advised them to look forward. “People say the next generation is in bad shape – Really? They’re going to inherit a country that’s worth $200-$300 trillion. They’re probably going to live to 120. [Artificial intelligence] is going to cure some cancers,” Dimon said.
Dimon also emphasized the value of prioritizing both physical and mental well-being as essential steps for the younger generation to build a successful future. He highlighted the importance of treating others with fairness, honesty, and respect.
“If you don’t take care of your mind, your body, your spirit, your soul, your friends, your family — you’re not going to have a great life and enjoy it. Have a little heart and humanity, treat people properly. The way I grew up, the way you treat everyone is fair and honest and forthright and you’ll have a great life,” he noted during the conversation.
Jamie Dimon’s view of Trump tariffs
Last week, Dimon made his first public commentary on Tariff measures announced by the US President Donald Trump. In a 60-page annual shareholder letter, he warned of economic pains that Trump tariffs will cause. But at the same time he wrote that there are “of course” some legitimate reasons for the action, and that he hopes “the long-term effect will have some positive benefits” for the US. Despite challenges, Dimon expressed confidence in the long-term resilience of the American economy. “Even with fairly extreme outcomes, our company would remain healthy,” he said. “I still have an abiding faith in America—the exceptional strength of our innovative economy and our resiliency.”
“Whether or not the menu of tariffs causes a recession remains in question, but it will slow down growth,” he wrote. He noted that in the short-term consumers in the US could see inflationary pressures. “We are likely to see inflationary outcomes, not only on imported goods but on domestic prices, as input costs rise and demand increases on domestic products.”
