At an event hosted by the Economic Club of New York, JPMorgan Chase CEO Jamie Dimon expressed optimism about the strength of the U.S. economy, citing robust employment and healthy consumer finances.

He described the current economic boom as “unbelievable,” asserting that even in the event of a recession, consumers remain in good financial standing.

However, Dimon cautioned about potential economic risks stemming from rising national debt, inflation, and geopolitical tensions.

He also warned that inflation might persist longer than anticipated, leading to prolonged higher interest rates.

Dimon, who has led the largest U.S. lender for over 18 years, advocated for more “practitioners” in government, suggesting that bipartisan cooperation would benefit policymaking.

While Dimon’s name has been mentioned for senior economic roles, he emphasized his desire to contribute to his country’s welfare, Reuters reported.

He highlighted the importance of inclusive economic growth and a harmonious relationship between lenders and regulators.

Dimon’s remarks touched on various policy issues, including U.S. military strength, political polarization, and economic policies compared to other nations.

Despite speculation about his potential government involvement, JPMorgan has refrained from commenting on Dimon’s political aspirations.

In his recent shareholder letter, Dimon celebrated U.S. leadership and economic prowess, underscoring the principles of “liberty and justice for all.”

Written by B.C. Begley