JPMorgan's Dimon says new U.S. president likely in 2021 | Reuters

 JPMorgans Dimon says new U.S. president likely in 2021 | ReutersCHICAGO (Reuters) - Jamie Dimon, chief executive officer of JPMorgan Chase & Co, (JPM.N) on Wednesday said he expects to see a new U.S. president in 2021 and advised Democrats to come up with a “pro-free enterprise” agenda for jobs and economic growth. FILE PHOTO: JP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. REUTERS/Dylan Martinez/File PhotoAsked at a luncheon hosted by The Economic Club of Chicago how many years Republican President Donald Trump will be in office, Dimon said, “If I had to bet, I’d bet three and half. But the Democrats have to come up with a reasonable candidate ... or Trump will win again” and have second four-year term. Dimon, who in the past has described himself as “barely” a Democrat, has been going to Washington more often since the November 2016 election of Trump to lobby lawmakers on a range of business and economic issues, including changes in corporate taxes, immigration policies and mortgage finance. In December, Dimon became chairman of the Business Roundtable, an association of CEOs who take their views to government policymakers. Dimon, 61, touched briefly on range of topics, from America’s political climate and tax system to discrimination in the workplace and against black people. He also commented on foreign affairs, saying, for example, “We should never be rude to a neighbour like Mexico.” He also cautioned that the political weakness of German Chancellor Angela Merkel “is bad for all of us.” Talks on forming a governing coalition including Merkel’s Christian Democratic Union collapsed earlier this week, casting doubt on her future after 12 years in power. Dimon is in his 12th year as CEO of JPMorgan, which is the biggest bank in the U.S. by assets.

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Nov 23, 2017 02:15:10 IST