JPMorgan CEO Jamie Dimon, on the company’s earnings conference call Friday, asked financial journalists to stop writing about finance and focus on policy issues, writes Laura Noonan of The Financial Times.
Noonan writes, “‘These things are happening because of bad policies,’ Mr Dimon told reporters on JPMorgan’s quarterly earnings call. ‘I just got back from Israel, Ireland and France, three countries that deeply recognise the importance of having a business tax scheme for jobs and wage growth…We don’t have that.’
“He added:
The USA has to start to focus on policy which is good for all Americans and that is regulation, tax, education, we have to get those things done… You guys (journalists) should be writing a lot more about that stuff. That is holding it back and hurting the average American citizen if we don’t do it. It’s not a Republican issue, it’s not a Democrat issue.. Why you guys don’t write about it every day is totally beyond me, who cares about fixed income trading in the last two weeks in June. I mean seriously?”
Read more here.
