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

Fri Nov 9, 2012 4:48pm EST

(Reuters) - JPMorgan Chase & Co (JPM.N) 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.

(Reporting by David Henry in New York; Editing by Tim Dobbyn)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video 

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.