Dimon Shrugs Off Turmoil in U.S. Money Markets as No Big Deal
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the dislocation seen in U.S. money markets this week isn’t a significant problem -- and won’t be particularly troubling unless the economy weakens.
“I don’t think it’s a big deal we have dislocations. But it happened in very good times,” Dimon said Wednesday at a Business Roundtable press conference in Washington. “Those kinds of dislocations, in really bad times, will be far more dramatic than we think.”