From the desk of Jamie Dimon: Policy matters

America has left growth on the table.​

Over the last couple of decades, the United States has grown at about 2% a year. With better and more efficient policy choices, I believe we could have easily achieved at least 3% growth. That 1% difference may sound small but would have had an enormous impact, providing Americans with an extra $20,000 GDP per person annually, giving us far more room to raise living standards, strengthen security, and start to reduce the deficit. ​

Good policy matters. And it’s often free.

It can create jobs, lift wages, protect the public, and ensure everyone has a fair shot. Good defense policy—including industrial and trade policy—can guarantee our national security and resiliency. And sound U.S. foreign economic policy can help strengthen the U.S. economy and that of our critical allies.​

The wrong policies and bureaucratic red tape can stifle growth and progress. It already has, for too long. We must all remember that, despite our extraordinary blessings, the United States does not have a divine right to success. ​

I do not believe the problems in our society can be fixed by politicians alone. Business leaders have a vital role to play. The world is increasingly complex, and many of our largest issues require government and business working together. We have a responsibility to lend our expertise, our ideas, and often our own resources to help shape our future.​

That’s why I’m proud to introduce From the desk of.

This forum will be a place where JPMorganChase’s senior leaders share their perspectives on public policy and the ideas, issues, and context that shape these choices. As with all we do, we will focus on substance, details, and facts backed by rigorous analysis. ​

At JPMorganChase, we serve more than half of all American households. We work with more than 7 million small businesses, many of the world’s largest corporations, state and local governments, and other institutional clients that are foundational to everyday life. We do business in every state in the country and in more than 100 countries around the world.​

That breadth gives us a unique vantage point. We see what’s working, what isn’t, and where broken regulations are holding us back, sometimes in ways you can only see up close.​

Thanks for reading, and I hope you’ll follow along. I also encourage you to read my latest letter to shareholders, where I lay out policy solutions intended to grow our economy, secure our country, and rebuild the American Dream.​