JAKARTA – Jamie Dimon, Chief Executive Officer (CEO) of JPMorgan Chase, has warned the United States government about rising debt and widening budget deficits, which he said could affect the bond market.

He delivered the remarks during an interview broadcast on Fox Business Network, quoted on Tuesday (3/6). Dimon was responding to questions from Maria Bartiromo, host of Mornings with Maria, regarding the USD 36 trillion in debt and the growing fiscal deficit.

“It's a big deal, you know it is a real problem, but one day, the bond markets are gonna have a tough time,” said Dimon.

Dimon admitted he could not predict when the pressure on the bond market would materialise. “I don't know if it's six months or six years,” he said.

He added that future priorities should be directed at boosting growth, including launching pro-business initiatives, appropriate deregulation, permitting reform, reducing bureaucratic barriers, and equipping students with practical skills in schools.

“That’s the best way,” he said.

According to data from the US Bureau of Economic Analysis, the US economy contracted by 0.2% in the first quarter of 2025 compared with the same period a year earlier, better than the initial estimate of a 0.3% contraction.

Nevertheless, the result marked the first quarterly GDP contraction in the past three years. (LK/ZH)