That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.
It's moderate growth, with some parts of the world better than people think, and better than last year [2015].
Japan, Europe, [and] America probably [are] better than last year [2015], not China.
Usually, something that is fairly expected is already factored in. I also think that you have to think that America is raising rates because the economy is getting stronger.
If it is a small rate raises, [there will be] no impact.
I speak to lots of people around the world, and no one would tell you that 25 basis points will make a difference to them.
There is a lot of focus on that first rate move, and I'm not sure how important that is.
[That is] hard to predict, [it] could be either September or December [2016] I personally think the sooner the better because that would be a good sign that the Fed believes the economy is significantly stronger.
More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.
I think the politics have gotten better in the United States, which makes it easier to pass legislation, budgets and treaties.
We see very broad-based, moderate, growth. Most of the sectors are quite strong. I don't see any major potholes, and I believe [the economy] is strengthening.
We, Americans, have the best country on the planet. We have schools, universities, food, water, energy, peaceful neighbors, low corruption, you name it, deepest and widest capital markets. That doesn't mean we shouldn't identify problems. We don't have a divine right to success.
I want Japan to think and say that we are better off for JPMorgan having been here through thick and thin.
The Trump administration's economic agenda is the right agenda. Corporate taxes have been driving capital and brains and companies overseas for a decade. It has caused huge damage in investment and jobs and productivity. It was a mistake. We have to fix it. Counterintuitively, that usually helps middle-class wages, and lower-class wages, and job formation.
It takes 10 years to get all the permits to build a bridge today. Ten years? What happened to the good old can-do America? Where is "We get it done, we work together"? We've become this bureaucratic, stifling environment. I'm not talking about violating environmental things - I'm talking about building a bridge, getting things going, getting people to work together.
When you leave people behind, and those people who are left behind, it's not their fault, it's the leaders of the institutions. There's always going to be an elite. You can have an elite in a communist society. It is the leaders, something went wrong, and the leaders collectively are responsible.
I do want the tax system to be efficient and be conducive to growth, which it is not.
I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation.
We have a lot of people who are Republicans, a lot of people who are Democrats, and it's not just because of business reasons.
Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, "living wills" (plans for winding down a bank in the event of a collapse) and resolutions.
There are parts [in Dodd-Frank] that I don't agree with. But, in total, it is what it is.
I've always been a ... believer in good regulation.
I agree with people who say we want more income equality; we want more consumer protection; and we want sounder banks. I agree with all that.
The question is how do you do it [more consumer protection] so that it actually works that way? And that takes analysis, and sometimes collaboration between government and business, to understand how that works.
We represent companies from around the world who say, "I want to look at Japanese companies. I want to invest in Japan."
