- Dimon says economic growth could hit 4 percent this year.
- In a CNBC interview at the World Economic Forum in Davos, Dimon also expressed strong support for the tax overhaul, predicting it will boost capital investment and job creation.
Four percent growth is possible this year, says JP Morgan’s Jamie Dimon from CNBC.
J.P. Morgan chief Jamie Dimontold CNBC on Wednesday that the tax cut will drive wages higher and spark an economic boom.
“I think it’s possible you’re going to hit 4 percent some time this year,” Dimon said in an interview at the World Economic Forum in Davos, Switzerland. “I promise you, we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high.”
- Though he supported Hillary Clinton, Goldman Sachs CEO Lloyd Blankfein says he has “really liked” what President Donald Trump has done with the economy.
- The remarks come with GDP growth posed to eclipse 3 percent for the third-consecutive quarter and as the stock market continues to roar to new records.
Goldman CEO Blankfein has ‘really liked’ what Trump has done for the economy from CNBC.
Though he’s taken a few jabs at President Donald Trump, Goldman Sachs CEO Lloyd Blankfein said Wednesday he’s otherwise “really liked what he’s done for the economy.”
“I’d say I like a lot more stuff than I don’t like, and some of the stuff I don’t like I really don’t like,” Blankfein told CNBC’s “Squawk Box” during an interview at the World Economic Forum in Davos. “But I don’t want to be hypocritical, either. I’ve really liked what he’s done for the economy.”
In fact, he conceded that conditions probably would be weaker had Democrat Hillary Clinton defeated Trump in the 2016 election. Blankfein supported Clinton during the contentious campaign, and occasionally has taken shots at Trump on Twitter and elsewhere.
Gore Defends Trump At Davos?
Former Vice President Al Gore did something he, admittedly, rarely does and defended a recent Trump administration decision to impose tariffs on solar cells and modules.
“I don’t typically defend him,” Gore said during a panel discussion at the World Economic Forum in Davos, Switzerland.