J.P. Morgan Is Optimistic About The Economy
by Cheryl Rosen /
Worried about how the economy will affect your business? Don’t be, says J.P.Morgan Chase & Co.’s CEO Jamie Dimon.
Dimon this weekend said he is optimistic about both the global and the U.S. economies under President Donald Trump.
“Japan is growing more than it has grown in 15 years, Europe is doing well all things considered, America is chugging along,” Dimon told Bloomberg TV on Saturday, while he was attending a Saudi-U.S. CEO forum held to coincide with Trump’s visit. “Even the International Monetary Fund, which is always warning about stuff, is saying the world will grow faster than expected.”
The Trump administration “wants to deregulate certain things, and most of us in business think that regulations have been holding back growth,” he added. “I’m still optimistic that you’ll have some regulatory reform. Even my Democratic friends understand that it makes sense to look at what was done, what can be done better, what can simplify the burden on businesses.”