Managing for Every Economic Scenario

JAMIE DIMON: "As a management tool, people think you do a forecast of interest rates and curves and all that stuff, and then you manage to that - we do not. We look at the full range of possible outcomes - two percent rates, oil at fifty or two hundred, ten percent rates, stock market is up or down forty or fifty percent, currency is moving. And we haves scenarios and we actually manage across all of those scenarios... I actually spend very little time worrying about the economy. I think people talk about it, yap about it, they very often predict what the economy is going to do on its own, and so we just try to manage across that full spectrum. If you ask me, I would give a probability of those events. I do think the probability of something bad happening is higher than I think is probably embedded in the market. So we're a little more conservative about that. I think the probability of inflation not going away is probably higher than is embedded in the market." Council on Foreign Relations (YouTube) - June 17, 2026