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

CHICAGO (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 November 23, 2017 02:15:10 IST
JPMorgan's Dimon says new U.S. president likely in 2021 | Reuters

JPMorgans Dimon says new US 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:

TAGS:

also read

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.

Brazilians take to streets again to demand Bolsonaro's impeachment
World

Brazilians take to streets again to demand Bolsonaro's impeachment

By Marcelo Rochabrun SAO PAULO (Reuters) - Protesters took to the streets in several Brazilian cities on Saturday to demand the impeachment of far-right President Jair Bolsonaro, whose popularity has fallen in recent weeks amid corruption scandals against the backdrop of the pandemic. This week, news broke that Brazil's defense ministry told congressional leadership that next year's elections would not take place without amending the country's electronic voting system to include a paper trail of each vote. Bolsonaro has suggested several times without evidence that the current system is prone to fraud, allegations that Brazil's government has denied