Editor's PiCK
JPMorgan CEO "U.S. Government Shutdown Will Not Have Long-Term Impact on Markets"
JH Kim
Summary
- Jamie Dimon, CEO of JPMorgan, said the U.S. government shutdown would not cause long-term damage to the financial markets.
- Dimon said a shutdown can temporarily increase economic uncertainty, but markets ultimately move according to fundamentals.
- He said that if political gridlock is repeated, there are concerns about a weakening of investor sentiment and a decline in corporate confidence.
On the 7th (local time), according to the economic breaking news channel Walter Bloomberg, Jamie Dimon, CEO of JPMorgan, said regarding the possibility of a U.S. government shutdown, "It's not a good thing, but it will not inflict long-term damage on the financial markets."
Dimon said, "A shutdown can temporarily increase economic uncertainty, but markets ultimately move according to fundamentals," and added, "Investors do not need to be excessively worried."
He added, however, "If political gridlock is repeated, it could lead to a deterioration in investor sentiment and corporate confidence," urging the government to reach an agreement quickly.
JH Kim
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