Market Rally Will Broaden Globally in 2026: Mackenzie's Marks

Mackenzie Investments Equities CIO Lesley Marks joins Bloomberg Businessweek Daily to discuss her 2026 market outlook, including her call for a global broadening of positive market sentiment and trade in 2026, including emerging markets. She also weighs in on the lack of market worry as several major geopolitical events kick off the year. Marks speaks with Carol Massar and Tim Stenovec.

In the Wall Street-to-Washington corridor, the prospect of Jamie Dimon for Treasury secretary, or even for president, has come up repeatedly over the years.

The longtime JPMorgan Chase & Co. chief executive officer draws the line at Dimon for Federal Reserve Chair.

“Chairman of the Fed, I’d put in the absolutely, positively no chance, no way, no how, for any reason,” Dimon said Thursday at an event held by the US Chamber of Commerce, in response to a question on whether he’d consider the role. As for running the US Treasury, “I would take the call,” he said.

Dimon’s comments follow a public back-and-forth between him and President Donald Trump earlier this week over the administration’s latest attacks on the central bank. The CEO said Tuesday that chipping away at Fed independence is “not a great idea,” and could lead to higher inflation and interest rates over time.

Later the same day, when asked about Dimon’s remarks, Trump said “I think he’s wrong.”

But Dimon doubled down on Thursday.

“Everyone I know, including the president of the United States, says we need an independent Fed board,” Dimon said. “Most people I know, including the president of the United States, speak up about their opinion, which they’re free to do.”

Read more: Jamie Dimon for Treasury Secretary: The Idea That Never Fades

The question is about whether certain things chip away at independence, Dimon said.

“If you chip away too much — in my view, this is my opinion — it will drive rates higher, not lower,” he said. “That’s all.”

Dimon is often seen as a key statesman for the industry and his name has been floated for roles in both Democrat and Republican administrations alike. But he’s stayed atop JPMorgan for 20 years and built it into the biggest and most profitable US bank along the way.

For David Rubenstein’s full conversation with JPMorgan CEO Jamie Dimon, watch “The David Rubenstein Show: Peer to Peer Conversations” Wednesday, Jan. 21 at 9:00 p.m. New York time on Bloomberg Television.

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