The more Jamie Dimon worries, the better his bank seems to do. As JPMorgan Chase has grown larger, more profitable and increasingly more crucial to the U.S. economy in recent years, its star CEO has grown more vocal about what could go wrong — all while things keep going right for his bank.

There is growing debate over whether the U.S. economy is on its way to a reckoning. Some worry that sticky inflation due to newly instituted tariffs will cause households and companies to retrench, sending the economy into stagflation,

JPMorgan Chase CEO Jamie Dimon isn’t ruling out stagflation in the United States, citing risks posed by large government budget deficits, including in America, and the disruption to global trade induced by US tariffs.