Jamie Dimon, head of US bank JP Morgan Chase: I am worried about the global economy

I am worried about the global economy

Simon Jack, BBC Business Editor speaks to global financial titan Jamie Dimon. He’s the Chief Executive and Chairman of JP Morgan Chase, America’s largest bank, and one of the biggest banks in the world. He oversees more than $4 trillion of assets, and has the ear of world leaders.

He believes we are living in a time of uncertainty, and is concerned about the impact on the global economy. The risk of a serious fall in the US stock market within the next two years is being underestimated, he claims, adding he is far more worried about this than others.

But he still puts his faith in the American economy, saying it is the best in the world. And while he says the United States is now a “less reliable” international partner, it is thanks to the actions of President Trump that other NATO members have stepped up their spending on defence. Such investment he believes is essential, in a world more dangerous since the Russian invasion of Ukraine.

Jamie Dimon has been at the helm of JP Morgan Chase for nearly twenty years. Now he has been tipped as a potential US Treasury Secretary, something he says is not on the cards.

Thank you to the Big Boss Interview team for their help in making this programme. The Interview brings you conversations with people shaping our world, from all over the world. The best interviews from the BBC. You can listen on the BBC World Service, Mondays and Wednesdays at 0700 GMT. Or you can listen to The Interview as a podcast, out twice a week on BBC Sounds or wherever you get your podcasts.

Presenter: Simon Jack Producers: Oliver Smith, Lucy Sheppard Editor: Justine Lang

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