Jamie Dimon warns of much bigger threats than recession, more banking turmoil, and downsides of working from home. Here are his 12 best quotes from a new interview.

• Jamie Dimon sees far greater threats than recession, and the potential for more banking turmoil.
• The JPMorgan CEO is skeptical of the work-from-home trend, and says America shouldn't fear China.
• Here are Dimon's 12 best quotes from a new interview.

Jamie Dimon flagged the risk of further banking turmoil, warned there are much graver threats today than a possible US recession, and urged America not to be cowed by China, in an interview with The Economist released this week.

JPMorgan's billionaire CEO also pushed back against rumours he might run for president, cast doubt on the working-from-home boom, and shared what he'd like his legacy to be.

Here are Dimon's 12 best quotes, lightly edited for length and clarity:

1. "We all want to be in a position where banks can fail and the world doesn't go down the tubes."

2. "There was a problem in plain sight, which was some interest-rate exposure, some of these uninsured deposits that ran like a flock of birds. It's over for now, most of it's been handled. If rates go up from here, and they might, it could rear its ugly head again." (Dimon was discussing the banking chaos sparked by Silicon Valley Bank's collapse earlier this year.)

3. "Consumers have money, they have $1 trillion more in their checking accounts. It's been coming down, and we think sometime around the end of the year that excess money will be spent. Even if we go into recession, consumer's in great shape, businesses are in pretty good shape." (Dimon noted that many Americans have benefited from wage growth and more than a decade of rising stock prices and home values.)

4. "I'm much more worried about some of these other serious things getting worse: the war in Ukraine spreading out, nuclear blackmail; if food doesn't get delivered, starvation in Africa. All these things may mitigate and go away, and we'll all breathe a deep sigh of relief. I wouldn't count on that."

5. "I can't get past the notion that we've never had it before. We've never had quantitative easing like this before, we've never had quantitative tightening before. I think the effects on that in the market may be more serious than other people think."

6. "We've done a terrible job on immigration, taxation, mortgages, affordable housing, healthcare. Obesity, diabetes — teaching kids that at school." (Dimon was laying out why the US economy has grown by less than 2% a year over the last two decades or so, instead of 3%.)

7. "We should be looking at our own flaws and not always blaming other people. The Chinese are not 10-feet tall. The notion that somehow America has to be that afraid of China — they don't." (Dimon underscored China's reliance on food and oil imports, lower GDP per capita, and inferior military compared to the US.)

8. "I would worry about another Trump presidency too by the way."

9. "I've never really believed I'm suited for it. I also think if you're going to do that, you should practice. You don't just say, 'Oh I'm going to run for office.'" (Dimon was asked about his political ambitions.)

10. "It doesn't work for younger kids in apprenticeships. It doesn't really work for creativity and spontaneity. It doesn't really work for management teams. There are real flaws. To the extent it works, I'm okay with it. If it doesn't work, I don't mind getting rid of it. We're not going to make that decision because we're pandering to employees — that is not the way to build a great company. So count me as a skeptic." (Dimon was sharing his view on working from home.)

11. "I completely understand why someone doesn't want to commute an hour and a half every day, totally got it. Doesn't mean they have to have a job here either."

12. "All I ever cared about my legacy is that people say we're gonna miss the son of a bitch, and he made the world a better place while he was here. "