Archive for January 2017
JPMorgan Chase CEO Jamie Dimon seems hopeful that better times for the economy lie ahead under President-elect Donald Trump. “The U.S. economy may be building momentum,” Dimon said. “Looking ahead there is opportunity for good, rational and thoughtful policy decisions to be implemented, which would spur growth, create jobs for Americans across the income spectrum and help communities.”Dimon didn’t mention Trump by name or cite specifics about the possibility of Trump and the Republican-led Congress unwinding some of President Obama’s financial reforms
Answering a question from CNNMoney, Dimon said he was not overly worried about Trump’s attacks against companies for doing business in Mexico or about his protectionist rhetoric — even though JPMorgan Chase does business around the globe.
Dimon said he’s putting aside the Trump one-liners and is “comforted” that Trump has put “professionals” in the administration such as treasury nominee Steven Mnuchin, a former Goldman Sachs exec, billionaire investor Wilbur Ross for commerce secretary and former ExxonMobil (XOM) CEO Rex Tillerson for secretary of state.