Despite the job market’s shakiness, Dimon observed that many consumers remain employed and are still spending, reminding listeners that spending patterns vary widely by income level. Americans are “still spending money,” he said, but “it’s a little bit different depending on what income set they’re coming from. They still have jobs.”
Despite the confusion and uncertainty, Dimon reaffirmed JPMorgan’s focus on supporting clients and the broader U.S. economy, regardless of short-term fluctuations. He celebrated the new headquarters and teased upcoming initiatives designed to bolster national defense and resilience, presenting them as evidence of his bank’s enduring commitment.
For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.
