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JPMorgan CEO Jamie Dimon says the midterm elections were 'good' because 'wing nuts didn't get elected'

Dec 12, 2022, 04:03 IST
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Jamie Dimon is the CEO of JPMorgan Chase. Employees at America's biggest bank say that suspicion and fear have engulfed the firm, stemming from its data-collection efforts.Misha Friedman/Getty Images
  • JPMorgan CEO Jamie Dimon said that "the wing nuts didn't get elected" in the 2022 midterms.
  • Dimon said on "Face the Nation" that he thought the results of the 2022 midterms were "good."
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JPMorgan CEO Jamie Dimon said this year's congressional midterms were "good" because "the wing nuts didn't get elected."

Dimon's comments came on CBS's "Face the Nation" on Sunday.

"I thought the election was good," Dimon said to host Margaret Brennan.

"Because on both parties, the wing nuts didn't get elected," Dimon said. "And there, so the rational thing, when I was just in Congress, I was gratified by their thought they want to make progress. And I think they can make progress."

Dimon testified in front of Congress in September on the state of the US economy.

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Democrats kept control of the Senate following midterm elections in November while Republicans gained a majority in the House of Representatives. Democrats won an important Senate seat in Georgia after Dem. Raphael Warnock defeated Republican Herschel Walker in a runoff election in Georgia.

Dimon said on "Face the Nation" that Congress has "extraordinary" economic challenges ahead due to the ongoing war in Ukraine.

"The danger of this war is extraordinary, and it can go on for years," Dimon told Brennan. "But this oil and gas thing, it looks like the Europeans will get through it this winter. But this oil and gas problem is going to go on for years, so if I was in the government or anywhere else, I'd say, I have to prepare for getting much worse. I hope it doesn't. But I would definitely be preparing for it to get much worse."

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