Jamie Dimon says Trump should take some credit for the strong economy

Jamie Dimon says that President Donald Trump should get some credit for the economy."When President T...

Posted: Sep 17, 2018 10:07 AM
Updated: Sep 17, 2018 10:07 AM

Jamie Dimon says that President Donald Trump should get some credit for the economy.

"When President Trump was elected, confidence skyrocketed," the JPMorgan Chase CEO told ABC News' Rebecca Jarvis in an interview that aired on Sunday's "This Week." "Pro-business, pro-competitive taxes, pro- some regulatory reform, and that has helped the economy. It's impossible for me to tease out how much, but it has helped the economy."

"He should take some credit for that." Dimon added.

Jarvis asked what grade Dimon would give the president on economic policy.

"I'd say pretty good," he said. Jarvis pushed him: "B+? A-?

"Yeah, something like that," Dimon said.

Dimon spoke with Jarvis privately after a panel at JPMorgan Chase's New York headquarters that was the center of a controversy last week.

During the public event, Dimon said he "could beat Trump" in a presidential election."I'm as tough as he is, I'm smarter than he is. I would be fine."

He later said in a statement that he should not have made the remarks "I'm not running for President," he said.

But that didn't stop the president from firing off an angry tweet directed at Dimon: "[H]e doesn't have the aptitude or 'smarts' & is a poor public speaker & nervous mess - otherwise he is wonderful," Trump tweeted Thursday morning. "I've made a lot of bankers, and others, look much smarter than they are with my great economic policy!"

In addition to his assessment of President Trump's impact, Dimon also said the next time the economy goes south, it won't be the fault of banks.

"The banking system is very, very, very healthy," he said.

His comments come just over 10 years to the day after investment bank Lehman Brothers filed for Chapter 11 bankruptcy.

Dimon said regulators deserve to take a victory lap for the protections that have been put in place since the collapse.

"There will be a recession one day," he said. "But it won't be the banking system" that causes it. "It'll probably be something else."

Dimon said he recognized people were hurt by the recession and angry with banks for engaging in the risky mortgage lending practices that triggered the economic meltdown.

"Some [banks] caused the problem and I understand that the American public looks at it and it's unfair, and it was," Dimon said.

And many of those banks were then aided by the US government.

"Banks got help. I mean I think the government did the right thing, I want to give full credit," Dimon said. "But not all the banks needed that. And all those banks, including JPMorgan, continued to lend money every day to all their clients nonstop around the world."

Dimon was asked how he, as the head of one of the world's largest banks, could help ease that anger.

"I can't," he said. "There's nothing I can do. All I can do is serve my client everywhere around the world, do good things."

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 313942

Reported Deaths: 7240
CountyCasesDeaths
DeSoto21580258
Hinds20330415
Harrison17879309
Rankin13594278
Jackson13429246
Madison10088217
Lee9970174
Jones8370163
Forrest7670152
Lauderdale7188241
Lowndes6387146
Lamar622486
Lafayette6184118
Washington5332133
Bolivar4801132
Oktibbeha462198
Panola4582106
Pearl River4506146
Marshall4435103
Warren4386121
Pontotoc420172
Monroe4107133
Union410076
Neshoba4030176
Lincoln3962110
Hancock378486
Leflore3493125
Sunflower335990
Tate333384
Pike3316105
Scott315773
Alcorn312768
Yazoo311469
Itawamba299777
Copiah296865
Coahoma295179
Simpson294988
Tippah288168
Prentiss279760
Adams278782
Marion269080
Leake267473
Wayne262641
Grenada261386
Covington258281
George247848
Newton246261
Winston227081
Tishomingo226667
Jasper221048
Attala214273
Chickasaw207757
Holmes188873
Clay185254
Stone182433
Tallahatchie178541
Clarke177980
Calhoun170532
Yalobusha164238
Smith162334
Walthall133945
Greene130533
Lawrence128524
Montgomery126742
Noxubee126734
Perry126338
Amite123042
Carroll121828
Webster114532
Jefferson Davis107033
Tunica105226
Claiborne102430
Benton99525
Humphreys96533
Kemper95728
Franklin83623
Quitman80716
Choctaw76318
Wilkinson67230
Jefferson65528
Sharkey50217
Issaquena1686
Unassigned00

Alabama Coronavirus Cases

Cases: 531404

Reported Deaths: 10985
CountyCasesDeaths
Jefferson765501522
Mobile41036805
Madison34789503
Tuscaloosa25788453
Montgomery24340589
Shelby23449249
Baldwin21154308
Lee15882171
Calhoun14511314
Morgan14306279
Etowah13843353
Marshall12232223
Houston10570281
Elmore10068205
Limestone9974151
Cullman9676194
St. Clair9661243
Lauderdale9427241
DeKalb8831186
Talladega8227176
Walker7241277
Autauga6926108
Jackson6814112
Blount6678137
Colbert6306134
Coffee5519119
Dale4838111
Russell441538
Chilton4296112
Franklin426082
Covington4129118
Tallapoosa4023152
Escambia393677
Chambers3573123
Dallas3551152
Clarke351161
Marion3122101
Pike310977
Lawrence300398
Winston274473
Bibb260964
Geneva250477
Marengo249564
Pickens234461
Barbour231057
Hale223077
Butler216069
Fayette212562
Henry188844
Cherokee185245
Randolph180542
Monroe177540
Washington167339
Macon159650
Clay156756
Crenshaw152557
Cleburne148941
Lamar142535
Lowndes138853
Wilcox127130
Bullock122841
Conecuh110529
Perry107726
Coosa107628
Sumter104732
Greene92534
Choctaw60724
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