Jamie Dimon, CEO of JPMorgan Chase Financial institution, stated 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 stated the US is dwelling to “the very best financial system the world has ever seen” and that the rankings company’s resolution would not change that.
Dimon stated of the world’s religion within the soundness of US Treasurys: “It does not matter a lot. Markets determine. It is not the ranking businesses. Credit score is sound, it needs to be the very best credit standing on the earth.”