On December 9, 2025, JPMorgan Chase CEO Jamie Dimon stated on Sunday that inflation does indeed exist and may not decrease, but in the foreseeable short term, the U.S. economy remains strong.
Dimon made these remarks during an interview on Fox News’ “Sunday Morning Futures” program.
He mentioned that despite slight weakening in employment and wages, the current situation for American consumers is good, corporate profits are strong, and the stock market remains high, indicating that this situation may continue in the short term. However, he specifically pointed out that inflation remains a clear weakness and “may not decrease.”
Dimon said, “In the short term, American consumers are performing well, steadily moving forward, companies are profitable, and the stock market is high. This situation is likely to continue easily. There are only a few small negative factors, such as a slight weakening in employment, but the magnitude is small. Inflation is there, and it may not decrease.”
He emphasized that consumer credit losses and delinquency rates have returned to normal, people are still consuming normally, but the future trend will still depend on the employment situation.
Dimon also mentioned that current corporate hiring is becoming more cautious, not due to artificial intelligence but because companies want to “do more with fewer people.” He believes that artificial intelligence will not significantly reduce job positions in the short term. While artificial intelligence will significantly enhance science and productivity, it will not cause dramatic changes in the labor market in the short term.
As the head of one of the world’s largest banks, Dimon’s assessment of the future economic situation is closely watched by the market.
He noted that early signs of holiday consumer spending show that consumers still have shopping intentions, but concerns about rising living costs are spreading rapidly.
Overall, despite inflation posing significant pressure, Dimon believes that the fundamental outlook for the U.S. economy will remain strong in the short term, and the states of corporate profits and the stock market being high are expected to continue.
JPMorgan Chase previously predicted in August that the inflation rate would rise from 2.8% in July to 3.5% in the fourth quarter of 2025, then fall back to 2.8% in the fourth quarter of 2026.
Dimon’s statement comes at a time when American society is highly concerned about the cost of living. In local elections last month, the Democratic Party won in many places, largely benefiting from the panic and dissatisfaction caused by the “affordability crisis” they raised.
Commerce Secretary Howard Lutnick also expressed optimistic expectations for the U.S. economy in a CNBC interview last week.
He stated that thanks to the Trump administration’s promotion of “Made in America” and large-scale construction projects, the U.S. Gross Domestic Product (GDP) is expected to be “super strong” next year, with a growth rate exceeding 4%.