Economy 'to blow people's socks off'- JPMorgan CEOJuly 15, 2013 @ 8:45 am
Volatility in rates is to be expected as the Fed eases up on its aggressive monetary policies, Jamie Dimon, CEO of JPMorgan Chase, said in an interview with CNBC.
Dimon noted a return to normalization is "going to have some volatility, you are going to have rates go up," he said.
Yet, when looking at the work ethic in the U.S., the country's structure and other factors, Dimon believes "America is going to come back; and it's going to blow people's socks off when it does."
The JPMorgan CEO also suggested the key to a real recovery is not interest rate volatility. Six billion people in the world don't care about that, he said. They care about jobs, so upticks in employment is key, he said.
Testing the System
A warning system woke seismologists seconds after an earthquake in Kitsap County
A driver accuses a Tacoma businessman of crossing the line behind the wheel
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.