Tags: jamie dimon | donald trump | animal spirits | investors

Jamie Dimon: Trump Has Reawakened 'Animal Spirits' in the US

Jamie Dimon: Trump Has Reawakened 'Animal Spirits' in the US
(Getty/Andrew Burtin)

Thursday, 09 March 2017 09:31 AM EST

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.”

Dimon said he’s reassured because of the caliber of people Trump has brought on to push the administration’s economic policies, including Gary Cohn, the former Goldman Sachs Group Inc. president who’s now director of the National Economic Council and a top adviser to Trump.

‘Forget the Tweets’

“If you look at the policy, forget the tweets, look at the people on the ground, they’re top professionals,” Dimon said. “Serious people, with deep knowledge and deep experience -- and their mission is to have a growth agenda. And that agenda is reducing corporate taxes; starting to build infrastructure, which we desperately need; reducing some of the regulatory regime, which has probably held back growth.”

In the wide-ranging interview, Dimon said he’s also pulling for Europe’s banks to rebound, arguing that the region’s economy can’t recover unless the industry is healthy.

© Copyright 2025 Bloomberg News. All rights reserved.


StreetTalk
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.
jamie dimon, donald trump, animal spirits, investors
331
2017-31-09
Thursday, 09 March 2017 09:31 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved