New York CNN —Jamie Dimon isn’t sold on “Bidenomics.”“I’d be careful about that,” said Dimon, CEO of JPMorgan Chase, in reference to president Joe Biden’s economic theory that rejects “trickle-down” policies in favor of focusing on the middle class.
In an interview with The Economist released Tuesday, Dimon classified Bidenomics largely as industrial policy – a strategy that specifically encourages or subsidizes particular industries, such as manufacturing.
He said he’s in favor of some industrial policy lately, for the first time in his life, but only as it relates to national security and competitiveness.
Although Dimon said he’s worried about a possible second Donald Trump presidential term, he said he doesn’t intend to run for office.
At least for now, though, the “big storm clouds” Dimon warned about last year only “partially hit,” he said.
Persons:
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Organizations:
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Locations:
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