NYC Mayor Mamdani Meets With JPMorgan CEO Dimon

JPMorgan Chase CEO Jamie Dimon said he told New York City Mayor Zohran Mamdani everything he wanted to say during a face-to-face meeting last week at the bank’s 270 Park Avenue headquarters. Dimon described the session as pleasant yet frank. He said he walked the mayor through how cities compete on taxes, crime, sanitation and schools.

Meeting Details “He was very polite. It was very earnest.

We had a very good conversation, but I said everything I wanted to say,” Dimon told Fox Business host Maria Bartiromo on Friday. Dimon noted that Mamdani, 34, has never held a job like running a city with roughly 300,000 employees. He added that he has seen other mayors fail when ideology blinds them to practical policy.

The two also discussed affordable housing and childcare. Dimon said most people want these services, but doing them badly would be a disaster.

Dimon said good policy is free and urged officials to fix existing rules rather than raise taxes or spend more money. He called for changes to zoning, building codes and permitting to ease the housing shortage. JPMorgan plans to double its affordable housing footprint within five years and expand small-business financing from 7 million to 10 million customers.

Speaking about the class of 2026, Dimon told graduates to focus on skills no algorithm can replace. He listed thinking, earning respect, emotional intelligence, communication, empathy and heart. Dimon said the U.S. economy remains pretty good but flagged rising inflation as the clearest near-term risk.

He also said remote work may be hurting entry-level hiring more than artificial intelligence so far.