Posts Tagged ‘Jamie Dimon Trump’
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.”
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.