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From mortgages to immigration: What the U.S. is getting wrong, according to JPMorgan CEO Jamie Dimon
JPMorgan Chase
CEO
Jamie Dimon
says the U.S. is falling short on key domestic issues, from immigration to housing and education, and needs to refocus on policies that fuel long-term national strength.
Speaking at the 2025 Data + AI Summit in San Francisco alongside Databricks CEO Ali Ghodsi, Dimon voiced concern over what he sees as America's missteps—particularly in immigration policy. He strongly endorsed a merit-based system, calling it vital to the nation's future.
'America's role is indispensable,' Dimon said. 'It's not because we're better—it's because we have the strongest military, the most prosperous economy, and the freedoms that have always attracted people here. That's what makes us who we are.'
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Reflecting on his own roots—his grandparents were Greek immigrants who never attended high school—Dimon emphasized the importance of welcoming skilled and driven individuals to the U.S.
'We should be doing more merit-based immigration. People come here to be Americans, to embrace freedom of speech, freedom of enterprise—those are our foundations.'
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But immigration is just one area where he believes the U.S. is underperforming. Dimon listed several domestic failings:
'We don't do mortgage policy well. We haven't done immigration policy well. We don't do affordable housing policy well. And we don't teach work skills properly.'
His remarks come as the Trump administration intensifies its crackdown on immigration, particularly targeting undocumented immigrants—an approach at odds with Dimon's call for a more inclusive, skills-focused system.
When asked about China and U.S. leadership, Dimon underscored the importance of American dominance in both defense and technology.
'American military leadership is essential to maintaining a free and democratic world,' he said. He warned against transferring critical technologies to China, especially those that could enhance its military capabilities. 'You do not want to give them nano chips that improve their supersonic missiles,' he said, adding that when China sets its mind to something, 'they put 50,000 engineers on it.'
Dimon's wide-ranging remarks highlighted a central message: America's global standing depends not just on its strength but on fixing what's broken at home—starting with smarter immigration and economic policy.
