Former JPMorgan Chase CEO Recalls Reopening Markets After 9/11

September 12, 2026 - 07:13

Former JPMorgan Chase CEO Bill Harrison recently spoke about the financial sector's response to the September 11 attacks, describing how industry leaders worked to reopen markets and prevent systemic collapse during one of the most uncertain periods in American economic history.

Harrison discussed the immediate aftermath of the attacks, when trading halted and communication systems were severely disrupted. With the New York Stock Exchange closed for several days, financial executives faced mounting pressure to restore operations while ensuring the safety of employees and maintaining confidence in the broader economy.

The former chief executive explained that reopening the markets was not simply a matter of flipping a switch. Firms had to rebuild infrastructure, coordinate with regulators, and address liquidity concerns that threatened to spiral into a wider crisis. The Federal Reserve cut interest rates and provided emergency support to keep money flowing through the banking system.

Harrison noted that the cooperation between government officials, exchange leaders, and Wall Street executives proved essential. Despite the chaos, markets reopened on September 17, 2001, and while volatility followed, the financial system held together.

His account serves as a reminder of how quickly institutions can adapt under extreme pressure. It also highlights the importance of contingency planning and collective action when normal operations break down.