JPMorgan Chase CEO Jamie Dimon says Bidenomics is only ‘partially' working as many Americans aren't feeling ‘lifted up by this economy' [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
The Biden administration's economic policies have mainly focused on large-scale public spending projects meant to boost economic growth, including the Inflation Reduction Act (IRA) and the CHIPS and Science Act , as well as efforts to support unions and step up antitrust enforcement. The goal has been to rebuild the economy “from the middle out, and the bottom up,” according to the administration, and “not the top down.” The only issue is that “Bidenomics,” as the president calls it, isn't exactly popular. Stubborn inflation, rising interest rates, and sky-high housing costs have left many consumers feeling dissatisfied during Biden's presidency. Just 36% of Americans said they approve of the way the Biden administration is handling the economy in a February Gallup poll . And when JPMorgan Chase CEO Jamie Dimon was asked whether Bidenomics is working for Americans in an interview with the Wall Street Journal on Thursday, his answer was less than enthusiastic. “Partially,” he said
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News
- ‘Too Big to Fail' Banks Have Unfair Advantage, CFPB Chief Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Fed-Obsessed Traders Need the Economy to Get Its Story Straight [Yahoo! Finance]Yahoo! Finance
- The 100 Best & Brightest MBAs: Class Of 2024 [Yahoo! Finance]Yahoo! Finance
- Fed-Obsessed Traders Need the Economy to Get Its Story Straight [BNN Bloomberg (Canada)]BNN Bloomberg
- JPMorgan Chase Investor Day 2024Business Wire
JPM
Earnings
- 4/12/24 - Beat
JPM
Sec Filings
- 5/3/24 - Form FWP
- 5/3/24 - Form FWP
- 5/3/24 - Form 424B2
- JPM's page on the SEC website