Dimon Says Lot of Good 'Short Term Things' In US Economy
January 15, 2026
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3:55Now PlayingDimon Says Lot of Good 'Short Term Things' In US Economy
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as posted by the channelJPMorgan CEO Jamie Dimon told Bloomberg's David Rubenstein that he sees a lot of good 'short term things' in the US economy, including Trump's 'big beautiful bill' and deregulation coming out of the White House. Dimon also called on industry leaders to put the good of the US above their own companies or profits, saying that there is too much focused on self-interest and people should 'open our eyes' and do the right things.
Donald Trump’s return to the White House unleashed a market rally, dealmaking went into overdrive, and bankers embraced all things Trump to rake in the big money.
The new year is offering Wall Street enough reason to worry that the party could be cut short.
The top US banks are trotting out results this week that back up the big run-up in their shares during the past year. But investors are now pivoting to the potential threats ahead, as they worry a populist turn by the president could erode the gains from the aggressive deregulation push the administration has promised to pursue.
“Nobody in banking thinks it’s going to be beer and skittles forever,” said Steve Gannon, a financial-services lawyer at Davis Wright Tremaine. “It’s a messy intersection of politics and banking policy.”
The best way forward, Gannon said, is for executives to hold their tongues, work with trade groups and find a middle ground with Trump.
The most immediate concern is the president’s social-media edict, with unclear real-world authority, that demands banks cap credit-card interest rates at 10%, or roughly half the current average on outstanding balances, for a year. The banks have less than a week left to comply, according to the president.
Citigroup Inc. Chief Financial Officer Mark Mason delivered the starkest warning, saying such a move will likely result “in a significant slowdown in the economy.” While offering to work with the administration, he added, “an interest rate cap is not something that we would, or could, support, frankly.”
On Tuesday, JPMorgan Chase & Co. CFO Jeremy Barnum said the biggest US bank will consider all options to fight back against the proposal, warning it “would be very bad for consumers, very bad for the economy.”
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