69-Year-Old Dimon Delays Retirement, Warns of Inevitable "Cracks" in US Bond Market

Jamie Dimon, the CEO of JPMorgan Chase, stated that he has "several more years" before retiring from his top position, but the final decision rests with the board. In an interview with Fox Business Network aired on Monday (October 2), the 69-year-old executive remarked, "It depends on God and the board's decision; I love my job."
The questions of when Dimon will retire and who will succeed him have long been a focus for JPMorgan Chase. He has often joked in the past that retirement is "five years away," but he has recently stopped providing that answer. JPMorgan Chase reported its highest annual profit in U.S. banking history in 2024, and Dimon's compensation was raised to $39 million that year.
In the interview, Dimon reaffirmed his recent comments that the emergence of "cracks" in the U.S. bond market is unavoidable, anticipating potential "turmoil" in the U.S. treasury market that may force the Federal Reserve to intervene. He pointed out that investors will closely watch key factors concerning the overall U.S. situation, including the rule of law environment, inflation trends, and Federal Reserve policies.
Dimon warned that if investors lose confidence in the dollar, financing costs for U.S. debt will rise significantly, and the continued expansion of federal government spending exacerbates this risk. Nevertheless, he refrained from predicting the exact timing.