Gerard Cassidi, Managing Director of RBC Capital Markets, discussed the bank performance and investor status on the Claiman Opposite counting.
JP Morgan Chase CEO Jamie Dimon On Tuesday, it was said that while the American economy has been strong through the second quarter of this year, possible stumbles for the economic approach.
Dimon said that “the American economy remains flexible” and said that when the Republican’s tax and expenses are potential boosts coming from the package enactment, then other headwinds can be reduced. Economic outlook going forward.
Dimon said on Tuesday, “It is positive to the economic outlook to finalize tax reforms and possible deragulation. However, there remains significant risks – tariffs and business uncertainty, include Bhurajnial status, high fiscal deficit and elevated property prices,” Dimon said on Tuesday.
Dimon stated that JP Morgan is measured when it estimates due to previous crises that emerged and many offers were caught.
Jamie Dimon, CEO of JP Morgan Chase, said that while the US economy is flexible, there are many possible risks to the approach. (Holi Adams / Bloomberg Getty Image / Getty Image)
“Our forecast of the future is very complex. You probably heard me saying that sometimes it is a complete waste of time. Most people can’t really choose the divisive point,” he explained.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JP Morgan Chase & Company. | 286.30 | -2.39 |
-0.83% |
CEO of the nation’s largest bank also discussed the President Donald Trump’s Dispute with Federal Reserve and its leadership.
Trump repeatedly asked Fed to cut interest rates, made fun of Federal Reserve Chair Zerome poly Along with derived comments and attempting to fire him publicly.
Goldman Sachs says that Central Bank is economic results to reduce independence
Dimon warned against the Trump administration that an attempt was made to exclude Fed Chair Jerome Powell. (Qilai Shane / Bloomberg Getty Image / Getty Image)
The President has said that he will not try to set Powell on fire, which has a lack of legal rights other than the reason, although his colleagues have suggested. Renewal project At the headquarters of the Fed, which has experienced the cost overran, an attempt can provide the cause of termination.
“The President said he was not going to try to remove J Powell,” Dimon told reporters on a conference call. “Fed’s freedom is absolutely important, and not only for the current Fed Chairman, which I respect, but for the next Fed Chairman.”
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Dimon said, “Playing with the fed can often have adverse results, unlike you are expecting for you,” Dimon said.
Reuters contributed to this report.
