JPMorgan CEO Jamie Dimon: The Middle-Class Needs a Boost

By Business Leaders FOXBusiness

JPMorgan CEO Jamie Dimon: U.S. economy is ok and probably getting stronger

JPMorgan Chase CEO Jamie Dimon on the Federal Reserve, Fannie Mae and Freddie Mac, the outlook for interest rates and the state of the consumer.

JPMorgan (JPM) CEO Jamie Dimon says the economy might be getting stronger, but there’s one segment that needs a lift.

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“I think if you have a general recovery in the economy, it helps everybody,” he said during an interview with the FOX Business Network’s Maria Bartiromo.

“Everyone complains now middle class incomes aren’t going up enough and very often people say things that are not true,” he said. “This one happens to be true.” 

However, Dimon was optimistic growth would eventually create more competition and boost the wages of lower-skilled workers.

“There are people who have been left behind and we should be doing something [about] it,” he said. “Even business should be doing that.”

More From Dimon's Interview on FBN

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