Treasury head Scott Bessent says Jamie Dimon should relax about the bond markets: ‘For his entire career he’s made predictions…none of them have come true’

Jamie Dimon with Capitol building in background (Credit: Tom Williams/CQ-Roll Call, Inc via Getty Images)

• Treasury Secretary Scott Bessent downplayed worries about the U.S. debt this Sunday, just days after JPMorgan Chase CEO Jamie Dimon, a longtime deficit hawk, once again warned about the effects of U.S. spending on bond markets. Dimon’s job in banking means he has to worry, Bessent said, adding: “For his entire career, he’s made predictions like this,” but “none of them have come true.”  

JPMorgan Chase CEO Jamie Dimon has for years sounded the alarm about the U.S.’s level of borrowing—and the bond market of late seems to agree with him. But Treasury Secretary Scott Bessent isn’t buying those worries, suggesting on a Sunday news show they’re a bit overstated.