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March 09, 2017 at 09:07 AM
Jamie Dimon said President Trump’s economic agenda has ignited U.S. business and consumer confidence and he expects at least some of the administration’s proposals to be enacted.
“It seems like he’s woken up the animal spirits,” Dimon, chairman and chief executive officer of JPMorgan Chase & Co., said Thursday in a Bloomberg Television interview in Paris. Confidence has “skyrocketed because it’s a growth agenda,” Dimon said, adding that he’s not overly concerned about the possibility of a correction in equities markets, which have surged since the November election.
Dimon, 60, has been a vocal supporter of Trump’s business agenda, saying last month that the U.S. has a bright future if the president overhauls taxes, regulations and infrastructure investment.
Since Trump’s victory, Dimon was named chairman of the Business Roundtable of almost 200 CEOs and joined Trump’s policy forum aimed at boosting job growth. Shares of U.S. banks have climbed on speculation that higher economic growth and interest rates will boost results.
“If he gets it done, even part of it, it will be good for growth, good for jobs, good for Americans,” Dimon said. “I’m really confident he will get that done.”
