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Jamie Dimon says that President Donald Trump should get credit for the economy.
"When President Trump was elected, confidence soared," JPMorgan Chase CEO at ABC News, Rebecca Jarvis, said in an interview on Sunday in "This Week". "Favorable trade and competition taxes, more or less strict regulatory reform, and that helped the economy.It is impossible for me to determine how much, but it has helped the economy. "
"He should take credit for that." Dimon added.
Jarvis asked what note Dimon would give the president on economic policy.
"I would say pretty well," he said. Jarvis pushed him, "B +? A-?
"Yeah, something like that," Dimon said.
Dimon met privately with Jarvis after a panel at JPMorgan Chase's headquarters in New York, which was at the center of controversy last week.
During the public event, Dimon said he "could beat Trump" in a presidential election. "I'm as hard as he is, I'm smarter than him, I'm fine."
He later said in a statement that he should not have made these remarks "I do not show up for the president," he said.
But that did not stop the president from launching an angry tweet directed against Dimon: "[H]We do not have the aptitude or the wisdom and are a mediocre public speaker and nervous disorder – otherwise, he's great, "Trump said Thursday morning. are with my great economic policy! "
In addition to his assessment of the impact of President Trump, Mr. Dimon also said that the next time the economy will go south, it will not be the fault of the banks.
"The banking system is very, very, very healthy," he said.
His comments come a little over 10 years after the filing of Chapter 11 bankruptcy by investment bank Lehman Brothers.
Dimon said the regulators deserved to take a victory turn for the protections put in place since the collapse.
"There will be a recession someday," he said. "But it will not be the banking system." "It will probably be something else."
Dimon said that he acknowledged that the recession had hurt people and that they were angry at the banks for engaging in risky mortgage lending that had triggered the economic downturn.
"Some [banks] caused the problem and I understand that the American public is watching it and it is unfair, and it was, "said Dimon.
And many of these banks were then helped by the US government.
"The banks got help, I mean, I think the government made the right choice, I want to give all my credit," said Dimon. "But not all banks needed it, and all these banks, including JPMorgan, continued to lend money every day to all their customers around the world."
Dimon was asked how he could, as head of one of the largest banks in the world, mitigate this anger.
"I can not," he says. "I can not do anything, all I can do is serve my customers all over the world, do good things."
CNNMoney (New York) First published September 16, 2018: 14:59 ET
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