JPMorgan CEO Jamie Dimon “cautioned the White House [tariff] policy has created too much uncertainty, but has also offered a more balanced outlook on some of the benefits Oval Office policy could provide,” according to a report from Fortune.
The friend of President Donald Trump and billowing voice of Wall Street joined Fox 11 Los Angeles on Wednesday night, saying he believes the president's tariff moves were “too large, too big and too aggressive when it started.”
Dimon believes people will see inflation “in the short run” because of tariffs and “a slowing economy,” but he is hoping it is a “very mild thing.”
However, he is “glad” the tariff deal with the United Kingdom took place. “These are deals in principle, so its not really a deal, a real trade deal would be 10 or 20,000 pages long. But any progress is good.”
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Fox Reporter Elex Michaelson questioned how much influence Dimon has over the president, because in April, after Dimon criticized Trump’s trade deal, Trump then changed his policy.
“Do you claim credit for that [policy change]?” Michaelson asked.
Dimon doesn’t claim credit but said he was “one voice among many.”
He also told the outlet, no matter if people are “a democrat or a republican you should be saying ‘I want an efficient government.’”
The 69-year-old CEO wants Trump to “Keep doing what you’re doing now.” Later, adding the pro-growth and pro-deregulation, “could be very good for the growth of the American economy.”
Outside of Trump’s tariff move, Dimon told Fox, Trump’s move to secure the border is good. However, America still needs “real immigration reform. We need seasonal workers, we need a path to citizenship for some of the undocumented but law-abiding immigrants.”
Fox 11’s full interview with Jamie Dimon will air Friday at 10:30 pm.
Watch below or click the link.