In an interview last month, he credited Trump with boosting consumer and business confidence in growth, and reawakening “animal spirits.”Understands angerBut on Tuesday, reasons for concern kept coming. Infrastructure planning and spending is so anaemic that the US hasn’t built a major airport in more than 20 years. “It is understandable why so many are angry at the leaders of America’s institutions, including businesses, schools and governments,” Dimon, 61, summarized. While Dimon’s letter marked a shift in his typical tone, he said he remains optimistic about JPMorgan’s ability to expand and profit. And the bank’s leaders have confidence in the underlying growth of the US and global economies, he said.

Source: Mint April 05, 2017 05:37 UTC