JPMorgan Chase CEO Jamie Dimon said Monday that the United States economy is doing well but warned it will still have to fend off "inflationary events," like the increasing government deficits for global powers.

Dimon appeared optimistic about the American economy in an interview with the Wall Street Journal, highlighting that the unemployment rate in the country is "really low," and corporate profits are "way up." The unemployment rate was 4.2 percent last month. 

“The American economy is kind of booming right now," Dimon told WSJ host Alan Murray. "It’s good times." 

The CEO also admitted that hourly wages are probably not going up enough for lower-income earners, but said the important thing is that they have jobs. The real average hourly earnings were down 0.7 percent from September 2025, according to the Bureau of Labor Statistics.

“Probably not, but they have jobs, and that is the single most important thing for most people, that they have a job and they go to work,” Dimon said when questioned about the hourly wages. 

Despite the optimism, Dimon warned there are factors that could still raise prices, including foreign wars like the conflict with Iran and Russia's war with Ukraine. He also admitted that there would eventually be an economic downturn, but could not predict when it would happen or what the cause would be.

“Eventually there’ll be a downturn," he said. "Eventually it’ll be driven by a confluence of events that today you can’t guess what they are. You can throw stuff on the wall and make believe you know." 

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.