JPMorgan Chase CEO Jamie Dimon said on Tuesday that he was not worried about inflation, but that the worst-case scenario for the economy added to the risk of a recession.

“The worst case is stagflation, and I won’t take that off the list,” he said during a conference organized by the Norwegian sovereign wealth fund.

“And my view is that there are a lot of inflationary things, including the Iran war, the remilitarization of the world, the world’s infrastructure needs and our deficit.” Dimon warned in its April 6 shareholder letter that a war in Iran risks a shock to oil and commodity prices that could keep inflation sticky and push interest rates higher than the market expects.

Dimon said Tuesday that he is not worried about the U.S. economy, but added the risk of cyberattacks and geopolitics, including the wars in Iran and Ukraine, are two of the biggest threats to the economy.

“Bad guys can use cyber and they will become stronger, more powerful in terms of finding vulnerabilities,” he said.

When asked if he would seek out a future US president, Dimon, who has been JPMorgan CEO for two decades, joked that it was too late for him.

“If you’ll anoint me, I’d be happy to do it. But there’s no way I’m going through the primaries, and besides, I love what I do.”

There has been speculation in the past about Dimon’s possible presidential run, though he has always sidelined it.