Dimon’s blunt assessment comes with Democrats in disarray after the 2024 election and locked out of the presidency and both houses of Congress. The primary victory of Mamdani, the New York City-based politician who identifies as a Democratic Socialist, had prompted many business leaders to voice similar concerns about the direction of Democratic policy. Because of Dimon’s previously close ties to the Democrats, his criticism may sting more because he was long seen as a member of the party.
For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.
