America’s Top Bank, JP Morgan Chase CEO Jamie Dimon Suggests he may run for President in the Upcoming 2024 Election.
CEO Jamie Dimon Suggests He May Run For President
— World-Wire (@WorldWire) June 2, 2023
On Wednesday, 31st May, in an interview with Bloomberg Television, he was Asked if he had ever considered doing so. Dimon said he loves his country and one day will serve the country in one capacity or another.
“I love what I do. I think JP Morgan does a great job of helping Americans, helping countries around the world, and this is my job,” he said.
Jamie has been Head of JP Morgan since 2005, and reports say he plans to remain in the position for another five years.
During the interview, Dimon said he is optimistic that Congress and the President will reach a deal on the debt ceiling. “It’s going to get through a couple of votes in Congress, and our people are pretty comfortable it will happen,” Dimon added.
Jamie also Talked about the Federal Reserve and said that people should expect the Federal Reserve to raise rates again and that volatility will follow.
“My simple view is that it’s right to pause at this point,” Dimon said. “It’s been a big increase of 500 basis points or so — pause. But I think they may have to raise a little bit more. The inflation is stickier. People are coming around to that, so rates may have to increase slightly. People should be a little prepared for that,” he added.
Federal Reserve officials seem more divided than ever. As per this month’s early reports, They are divided on whether more interest hikes are needed.
Some officials favor pausing any further hikes with the regulator’s next meeting scheduled for June 13-14. At the same time, the other officials lean toward continuing the Fed’s credit-tightening campaign. The fight against inflation is still ongoing.
In recent years Dimon has hammered Democrats Under President Biden’s Administration, which includes taking shots at President Biden and Far-left Representative Rashida Tlaib(D-MI).
During a House Hearing, Dimon enraged Tlaib when she pressed him over his Bank policy, whether it is against funding new oil and gas products. Dimon replied with a no and said, “That would be the road to hell for America.”
“Yeah, that’s fine,” Tlaib replied. “That’s why, sir, you know what, everybody that got relief from student loans, has a bank account with your bank should probably take out their account and close their account; the fact that you’re not even there to help relieve many of the folks that are in debt, extreme debt because of student loan debt, and you’re out there criticizing it,” she added.
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