2016-01-10

The Decade Ahead by Jamie Dimon, JP Morgan Chase CEO (video)



Video above: JP Morgan CEO Jamie Dimon on the Decade Ahead (Fortune Global Forum, San Francisco, November 4, 2015)

Jamie Dimon, the head of the nation’s biggest bank, has this piece of advice for other CEOs: It’s time to start thinking positive.

The CEO of JP Morgan Chase said leaders have been programmed to be risk averse since the recession and related financial crisis. But he argued that the economic forces are generally in America’s and the world’s favor. “Don’t be so damned depressed,” Dimon said at Fortune’s Global Forum in San Francisco. “We have all become risk experts and are afraid of our own shadow at this point. Move on. The world is going to be fine.” Dimon said the American economy was improving and that the world economy would double in size in 15 years. Dimon also said there has been too much focus recently on when the Federal Reserve would raise interest rates — an issue that he insisted didn’t matter much. But he described the waiting as a distraction. Instead, Dimon pushed of the idea of increasing rates sooner rather than later, as a sort of psychological boost. “I would argue that would reduce uncertainty,” he said. (source: Fortune Global Forum)

JPMorgan Chase & Co. is the name of the holding company and the firm serves its customers and clients under its Chase and J.P. Morgan brands.

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