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Jamie Diamond was asked about how this affects the economy.

Here's what Jamie had to say.

He says Iran's conflict won't be

major inflationary hit. Rob, I don't know if you have a clip on this. I think you do. Go for it.

As people kind of think about the potential ripple effects of higher oil prices, for example,

obviously today's move is just one day. Do you see a risk

that this could lead to sustain inflation over the long run? I don't think this thing in an

isolated way will. I think there's some risk. There's more inflation than people think,

and that could be like a skunk in a party if that ever happens. Hopefully it doesn't happen,

and no one actually knows. But this right now

will increase gas prices a little bit. And again, if it's not prolonged, it's not going to be a

major inflationary hit. Again, if it went on for a long time, that would be different.

Another concern that I've seen mentioned out there is the risk of retaliatory cyber attacks,

banks being a potential target there.

How concerned are you about that?

I know that's something that you mentioned in your letter

about a year ago.

I think the most important thing is that we

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