Jimmy Damon discusses economic risks and JPMorgan caliphate plans

Jpmorgan Chase CEO Jimmy Damon It urges to be careful of expectations for the American economy, amid constant uncertainty on the impact of definitions as well as geopolitical winds.

“I think you prefer to be careful (about the economic impact on the United States), because some of these things have long sessions.

Damon warned that the economic impact of definitions, the shift in immigration policy, geopolitical challenges, as well as tax changes and spending in the president Donald Trump It can still be seen.

JPMorgan CEO in an interview on Tuesday warned that he believes that “the economy is weakening.”

“Whether it is on the way to recession or just weakness, I don’t know,” it is CNBC said.

His comments come this week after he said earlier this summer that economic conditions can deteriorate soon, noting the decrease in business and consumer confidence in addition to the expected weakness in the labor market and high inflation. Dienon said at the time that he hoped that there will be just a “decrease in work and relief in inflation.

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In podcast this week, Damon said he believed Banking industry It will pass by more monotheism, but reduced the horizons of the Banks Jpmorgan Chase in buying the United States or abroad.

“We are not allowed to buy a bank in the United States of America. We can abroad if we want it, but I may not do,” Damon said.

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Dimon has operated the largest American bank for more than 19 years and chose to give a timetable for retirement in the end but presented an insight into its potential successor.

He said that Jpmorgan Chase’s’ The next CEO It is likely to be from the inside, while stepping the role of the Chairman.

“When they are ready, it is time for me to go – or a mixture of the two,” Damon said. “I have a great relationship with all people here. The council is likely to make me president for a few years.”

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Last year, Damon said that he expected to leave Jpmorgan Chase during the next five years, although he did not make a specific schedule.

JPMORGAN Council was identified in April 2024 The potential caliphs for Dimon In the short and long term.

Daniel Pinto, head of the bank and CEO of Operations, who is scheduled to retire at the end of 2026, was identified as a possible executive president in the short term. Pinto was the CEO of the Public Prosecution in 2020 when Dimon underwent an emergency heart surgery.

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Jennifer Pepsak and tells Rozo are two candidates for the highest job when Damon leaves at the end. They are participating in the expanded commercial and investment bank of the company. Piepszak has been working with the company for nearly three decades, and Rohrbau has been working in JPMorgan since 2005.

Among the other candidates who were identified by the Board of Directors Marian Lake, CEO of banking services for consumers and society, and Mary Ardouz, CEO of Assets and Resources Company.