![](https://i0.wp.com/shacklemedia.com/wp-content/uploads/2023/08/jamie-dimon-on-fitchs-downgrade-of-u-s-it-doesnt-matter.jpg?w=640&ssl=1)
Jamie Dimon, the chief executive of JPMorgan Chase, said Fitch’s downgrade of the U.S. credit rating shouldn’t be too concerning about how investors view the country’s ability to pay its debt.
In an interview on CNBC Wednesday, from his annual bus tour of local branches, Dimon said the U.S. is home to the “best economy the world’s ever seen” and that the ratings agency’s decision won’t change that.
“It doesn’t really matter that much. The markets decide. It’s not the rating agencies,” Dimon said of the world’s belief about the safety of U.S. Treasurys. “The credit is sound, it should be the highest rated credit in the world.”
Source: finance.yahoo.com
Related posts:
Inflation data rocked the U.S. stock market in 2022: What investors need to know about Tuesday’s rea...
Down More Than 40%: Insiders Call a Bottom in These 2 Stocks
Oil Prices Are Soaring. It’s Time to Hedge or Sell.
GE HealthCare Is About to Be Independent. This Is Where the Stock Should Trade.
Warning to Bargain Hunters: 6 Stocks That Aren’t as Cheap as They Look