Dimon Urges NYC Mayor Mamdani to Lift Growth 1% With Better Policy

6 articles · Updated · Fox Business · May 29

Jamie Dimon said his one-on-one meeting with Mayor Zohran Mamdani was pleasant but blunt, with the JPMorgan chief pressing him on how to govern a city of 300,000 employees.
A 1% faster growth rate is achievable without higher taxes or spending, Dimon said, arguing New York should cut waste, reduce development red tape and improve public-private partnerships to stay competitive.
Mamdani sought the meeting at JPMorgan’s new Manhattan headquarters as he steps up Wall Street outreach after backlash to proposals to raise taxes on wealthy New Yorkers.
Dimon said he warned that city performance hinges less on ideology than on crime, policing, sanitation, hospitals and other quality-of-life factors that shape talent retention and business confidence.
He added that affordable housing and child care can help if executed well, while saying he wants Mamdani to succeed and would help on policies that work.

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