Archive for the ‘Jamie Dimon’ Category
President Trump’s economic agenda has “woken up the animal spirits” in the U.S., according to J.P. Morgan Chase & Co chairman and chief executive officer Jamie Dimon.
During an interview with Bloomberg TV, Dimon said Trump’s pro-growth agenda has reinvigorated business owners and consumers alike.
“[It] will be good for growth, good for jobs, good for Americans,” Dimon said.
“Animal spirits” is a term coined by famed economist John Maynard Keynes to describe emotions and instincts that help bolster consumer confidence.
On “Your World” today, market watcher Larry Glazer said those “animal spirits” are absolutely necessary if we’re going to get the economy booming again after the “slow-growth Obama years.”
He said that a number of consumer sentiment and confidence indexes show that Americans are feeling better about the economy, and much of that can be attributed to President Trump.
“When you at the Election Day moving forward, there’s no doubt sentiment has changed,” Glazer said. “Businesses feel more optimistic about the future. And that’s what you need for companies to commit capital.”
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.
He says leaders in the public and private sector need to work together to find solutions for more people.
Read the full memo below:
We are going through a period of profound political and economic change around the world, and American citizens showed that deep desire for change in voting to elect Donald Trump as the 45th President of the United States. We have heard through democratic processes in both Europe and the United States the frustration that so many people have with the lack of economic opportunity and the challenges they face. We need to listen to those voices.
We have just been through one of the most contentious elections in memory, which can make it even harder to put our differences aside. But that makes it more important than ever to bind the wounds of our nation and to bring together Americans from all walks of life. Recognizing that our diversity is a core strength of our nation, we must all come together as fellow patriots to solve our most serious challenges.
Leaders from across the public, private and nonprofit sectors need to collaborate to find
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America is best when we come together with clear leadership, expertise and the political will to take on difficult challenges and get things done. No one should ever doubt the strength and resilience of our country and our democracy.
JPMorgan Chase has a proud history of supporting our communities and our countries. Through your outstanding efforts, we have built a great company that will continue to thrive — as we continue to focus on helping to serve our clients and communities. We will also continue to help address the important public policy issues of the day and the underlying economic challenges throughout the world.
I’m optimistic about America’s future and the role our company will continue to play as we help the nation address our challenges and move forward together.
Part-time Angel Investor and full time J. P. Morgan CEO, Jamie Dimon, has put his money where his mouth is and invested $100M in the recovering Detroit economy.
Jamie Dimon came to the defense of his fellow bankers on Monday, and went after Hillary Clinton while he was at it.Jamie Dimon said: “When people blanket a whole class of people…that’s just unfair.”
According to Dimon, The October 15, 2014 gyration, when U.S. Treasury yields fluctuated by almost 0.4 percentage point in one day, was an “unprecedented move” that could have profound consequences in a stressed environment,
John Henry Hoeven III (born March 13, 1957) is the senior United States Senator fromNorth Dakota. A member of the North Dakota Republican Party, he previously served as the 31st Governor of North Dakota from December 2000 to December 2010. Hoeven was elected to the U.S. Senate in the November 2, 2010 general election. He replaced junior Senator Byron L. Dorgan, who chose not to seek re-election.
Prior to his election to the Governor’s office, Hoeven served as the president of the nation’s only state-owned bank, the Bank of North Dakota, from 1993 to 2000.