NEW YORK (Reuters) - General Electric Co Chief Executive Jeff Immelt said that restoring confidence in the U.S. economy is critical to sparking growth and easing rising tensions about economic disparities between the nation's wealthiest and poorest residents.
"Until you can restore confidence you can't move forward," Immelt, the head of the largest U.S. conglomerate, said at a Thomson Reuters Newsmaker event in New York on Monday.
Immelt, who has run the world's largest maker of jet engines and electric turbines for a decade, is a top adviser to U.S. President Barack Obama on jobs and the economy.
Immelt feels empathy for the crowds of anti-Wall Street protesters who have cropped up across the United States.
via news.yahoo.com
