Every year, the chief executive of J.P. Morgan Chase, Jamie Diamond writes a letter to

shareholders. And a lot of people are interested in what he says.

This morning the leader of the nation's largest bank,

J.P. Morgan Chase, is sounding the alarm that inflation could soar beyond 8% in the coming years.

Jamie Diamond telling investors in his annual 2023 annual shareholder letter

that markets should be prepared for turbulence.

J.P. Morgan CEO Jamie Diamond's annual letter to shareholders out yesterday

questioning the Federal Reserve's outlook for a soft landing.

Over the last year, the Federal Reserve has been trying to bring down inflation without triggering a recession, a so-called soft landing.

But Diamond is skeptical. He thinks inflation could be much harder to contain.

To understand why, our editor-in-chief Emma Tucker spoke with Diamond earlier this week in a wide-ranging interview.

Right.

So Jamie Diamond, thank you very much for sitting down with us today.

I spent a lot of time this weekend reading your letter and my biggest takeaway from it was that you have a very clear sense of what's good for America, what's good for the economy, and what's good for J.P. Morgan.

So I've got some questions here.

They're short questions that require short answers.

Okay, I'll try.

Off I go.

How many days should people be in the office?

Five is ideal.

There are some jobs where, you know, taking a day or two at home is fine.

It's very job specific.

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