JP Morgan's Jamie Dimon : Trump Tax Cut Will Spark 4 Percent Economic Growth
Jamie Dimon
JP Morgan's Jamie Dimon  predicts President Donald Trumpâs sweeping tax cut will enable the economy and American businesses to flourish and U.S. workers will be rewarded with hefty pay hikes.
 He  said the tax cut will drive wages higher and spark an economic boom in this country by boosting job creation.
"I think it's possible you're going to hit 4 percent some time this year  " Dimon  told CNBC from the World Economic Forum in Davos  Switzerland.
"I promise you  we are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high "  he  said.
"I can't believe that people think having an uncompetitive tax system is a good thing "  he  added.
 The bank  said Tuesday  it  will spend $20 billion over five years to raise hourly pay for works and open branches in new U.S. locations in the wake of the tax cut.
"We're adding sales people  opening more branches "  he  said. "We think it is good for J.P. Morgan and we think it's going to be very good for the economy."
[TGT] predicts President Donald Trumpâs sweeping tax cut will enable the economy and American businesses to flourish and U.S. workers will be rewarded with hefty pay hikes.
  [TGT]   said the tax cut will drive wages higher and spark an economic boom in this country by boosting job creation.
"I think it's possible you're going to hit 4 percent some time this year  "  [TGT]   told CNBC from the World Economic Forum in Davos  Switzerland.
"I promise you   [TGT]  are going to be sitting here in a year and you all will be worrying about inflation and wages going up too high "  he  said.
"I can't believe that people think having an uncompetitive tax system is a good thing "  he  added.
 The bank  said Tuesday  it  will spend $20 billion over five years to raise hourly pay for works and open branches in new U.S. locations in the wake of the tax cut.
"We're adding sales people  opening more branches "  he  said. "We think it is good for J.P. Morgan and we think it's going to be very good for the economy."