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.”