Jamie Dimon on Fitch’s US downgrade: Nevermind

Jamie Dimon on Fitch's US downgrade: Nevermind

Jamie Dimon, CEO of JPMorgan Chase Financial institution, mentioned Fitch’s downgrade of the US credit standing shouldn’t be too worrying about how traders view the nation’s debt reimbursement capability.

In an interview on CNBC on Wednesday, of his annual bus tour of the native associates, Dimon mentioned the USA is house to “the very best financial system the world has ever seen” and that the rankings company’s determination would not change that.

Dimon mentioned of the world’s religion within the soundness of US Treasurys: “It would not matter a lot. Markets resolve. It is not the ranking companies. Credit score is sound, it needs to be the very best credit standing on the earth.”

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