JPMorgan's Dimon says economy can "boom" if fiscal issues solved

Fri Nov 9, 2012 4:47pm EST

Nov 9 (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said on Friday that federal government budget problems are holding back the power of the U.S. economy.

"If we solve both the short-run fiscal cliff and the longer-run fiscal issues, I personally think if we do that, the economy can boom," Dimon said in a CNBC television interview.

JPMorgan, with $2.32 trillion in assets, is largest U.S.-based bank.