Editor’s note: The videos below were taken by Michael Crumb, who used Vidyo.AI, an AI video editing software, to break a longer video into short clips. Generative AI was not used.

Americans may be in for a surprise next year if inflation begins to rise again, said the chairman and CEO of JPMorgan Chase during a visit to Des Moines.

Jamie Dimon was in Iowa to celebrate the opening of the banking giant’s newest branch in Des Moines and the announcement that it plans to expand the company statewide.

JPMorgan Chase plans to add 25 branches and create more than 150 jobs in Iowa by 2030, including branches in Des Moines, Waterloo, Cedar Rapids, Sioux City, Iowa City and Ames. The expansion would bring the number of branches the bank would have in Iowa to more than 30. It currently has eight branches in Iowa.

The company’s broader goal is to serve 50% of the population in each of the contiguous 48 states within an accessible drive time.

The opening of the new branch Monday at 31st Street and Ingersoll Avenue in Des Moines was the sixth JPMorgan Chase branch to open in the metro in the past six years.

Dimon’s visit was also part of the kickoff of an annual nationwide bus tour by JPMorgan Chase executives to visit branches and talk with employees and customers across the country.

During his visit, Dimon sat down with the media to share his thoughts on the economy and the more than 1,000-point drop on the Dow Jones Industrial Average on Monday, the state of inflation, what the bank’s expansion could mean for Iowa, and JPMorgan Chase’s role in the financial ecosystem.

Here is what Dimon had to say, in his own words.

On the stock market and economic indicators he watches:

On inflation and the possible return to higher rates sometime next year:

On JPMorgan Chase’s expansion in Iowa, what the company can offer residents and the services that are geared toward lower-income and middle-income residents:

On JPMorgan Chase’s role in the state’s financial ecosystem: