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JPMorgan Chase CEO Jamie Dimon prepares to testify before the House in April 10. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

JPMorgan Chase CEO Jamie Dimon told CBS' "60 Minutes" in an interview broadcast Sunday that the wealth gap in the U.S. is a "huge problem."

Details: When CBS journalist Lesley Stahl asked him if the $31 million he was paid last year was too much, he replied he had "nothing to do with" the payment decision and questioned whether returning some of the money would "solve any of those problems."

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.
The wealthy have been getting wealthier too much, in many ways. So middle-class incomes have been kinda flat for maybe 15 years or so, and that’s not particularly good in America."
— Dimon on "60 Minutes"

Why it matters: CEO pay has been criticized by progressive Democratic presidential candidates including Sens. Bernie Sanders and Elizabeth Warren, both of whom have issued policies targeting wealthier Americans.

The big picture: Warren has personally called out Dimon in a series of Twitter posts. Dimon told CNBC last Tuesday that Warren "vilifies successful people." He clarified his remarks in his "60 Minutes interview."

"What I was commenting on is that anything that vilifies people I just don't like. I think, you know, most people are good, not all of 'em. I think you should vilify Nazis, but you shouldn't vilify people who worked hard to accomplish things. And so my comment is, I think it's American society — we're just attacking each other all the time."
— Dimon on "60 Minutes"
  • In the wide-ranging interview Dimon was positive about the U.S. economy, despite slow growth forecasts.
  • "The consumer, which is 70% of the U.S. economy, is quite strong,” he said. "You see that the strength of the American consumer is driving the American economy and the global economy. And while business slowed down, my current view is that, no, it just was a slowdown, not a petering out."

Go deeper: JPMorgan's Jamie Dimon: "The American dream is alive — but fraying"

Go deeper

Dion Rabouin, author of Markets
56 mins ago - Economy & Business

The European Central Bank and the market's moment of truth

ECB president Christine Lagarde; Photo: Chip Somodevilla/Getty Images

The biggest event for markets this week will be Thursday's meeting of the European Central Bank's governing council and the press conference following it from ECB president Christine Lagarde.

Why it matters: With interest rates jumping around the globe, investors are looking to central bank heads to see if they will follow the lead of Fed chair Jerome Powell, who says rising rates are nothing to worry about, or Bank of Japan governor Haruhiko Kuroda, who has drawn a line in the sand on rates.

Mike Allen, author of AM
2 hours ago - Politics & Policy

Manchin's next power play

Photo: "Axios on HBO"

Sen. Joe Manchin (D-W.Va.), America's ultimate swing voter, told me on "Axios on HBO" that he'll insist Republicans have more of a voice on President Biden's next big package than they did on the COVID stimulus.

The big picture: Manchin said he'll push for tax hikes to pay for Biden's upcoming infrastructure and climate proposal, and will use his Energy Committee chairmanship to force the GOP to confront climate reality.

Why picking a jury for the Derek Chauvin trial is so hard

Illustration: Eniola Odetunde/Axios

The tough task of selecting a jury for former MPD officer Derek Chauvin's trial for the killing of George Floyd is set to begin Monday.

The state of play: "This case may be the most highly publicized criminal trial in a long time. ... That means that it's harder to find people who really have an open mind," Richard Frase, University of Minnesota Law School professor of criminal law, told Axios.

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