JPMorgan Chase chairman and CEO Jamie Dimon told the Economic Club of Chicago that he prefers Chicago to New York, on the same day annual inflation rose to 3.7%. He discussed uncertainty over U.S. debt, the wars in Ukraine and Iran, threats from AI and shifting geopolitics. Dimon moved to Chicago in 2000 to lead Bank One, which JPMorgan acquired in 2004. The bank is spending $800 million on a multiyear renovation of Chase Tower, expected to finish in late 2027, and has about 15,000 employees in the Chicago area and required five office days a week since late 2025. Dimon called remote work “cumulatively bad” for the company, while JPMorgan invests about $500 million a year in philanthropy, including $214 million in Chicago over the past decade.
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