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CNBC Excerpts: JPMorgan Chase CEO Jamie Dimon Speaks with CNBC Live from the World Economic Forum in Davos Today

WHEN: Today, Wednesday, January 21st

WHERE: CNBC's "Squawk Alley"

Following are excerpts from the unofficial transcript of a CNBC interview with JPMorgan Chase CEO Jamie Dimon live from the World Economic Forum in Davos, Switzerland. Video of the interview is available on CNBC.com.

All references must be sourced to CNBC.

DIMON ON POTHOLES

Companies are in great shape, capital expenditures going up, consumer confidence is good, housing has turned the corner, car sales are up, retails sales are up. I don't see any potholes.

DIMON ON BEST HAND

This country, and I'm going to say it unapologetically in Davos, has the best hand ever dealt of any country right today.

DIMON ON BREAK UP

We will be a port in the next storm. You want me to be a port. You want me to be there. We serve governments. We serve certain companies in 20 countries, 30 countries, 40 companies. We move 6 to 10 trillion dollars a day. You don't want a weak JPMorgan. So I would argue the diversification of the various businesses makes us stronger, not weaker.

DIMON ON FINES

Unjust things happen, and I have to deal with that. They happen personally, they happen to individuals, they happen to companies, and I'm over that. My focus is on building the company going forward.

DIMON ON LEGAL CHARGES

We have been very, very persistent about legal. It's lumpy, not predict, particularly by quarter, that's what we have to deal with. I've told our analysts it's going to be a number and one day it will be a lot less. It will normalize. It will still be higher than it has in the past but I can't make something predictable that's not predictable.

DIMON ON ADMITTING MISTAKES

We always admit we make mistakes. We want to fix them, we know we're going to pay a price. We know the regulators have a job to do to punish people that make mistakes. I can't predict that. The company, the company is doing really well. It's not just record financial results. It's market shares, growth in credit card, investment banking share, that's my real job. This other number will take care of itself over time.

DIMON ON NOT JEAPORDIZING THE ECONOMY

The company itself was a port of safety in the storm. We didn't jeopardize the American economy or the global economy. In fact we bought Bear Stearns, we bought WAMU, we rolled over hundreds of billions dollars of loans at no additional price in the crisis. A lot of people roll over -- when they make investments in the crisis they want 50% premium, we didn't do that. The company has done really well. Our margins are good, our returns are good. We had a record year.

DIMON ON THE FED

I actually think the Feds done a terrific job and we can raise rates. It'll be volatile, it'll be painful, it'll give you guys a lot of things to talk about. But if the American economy is strong, it won't matter that much.

DIMON ON WASHINGTON

When I go to Washington, I talk to Democrats and Republicans. Almost none of them doesn't think we should do proper infrastructure investing. Like thoughtful: roads, bridges, tunnels, schools, hospitals. All of them want proper immigration reform. Everyone agrees our corporate and individual tax thing needs to be reformed. And most people acknowledge we need fiscal reform. And I think most people acknowledge education.

DIMON ON EUROPE

I think Mario Draghis done a great job. And I hope it works, I think they should probably do something. It shouldn't mask the fact that they need structural reform. They really need structural reform in Europe.

DIMON ON APPLE PAY

If you have our cards, and I hope some of you do, you'll use the card, you'll use Apple Pay, you'll use Google Pay, you'll use Chase Pay, you'll use Visa.me, whatever works for you. We want to make you happy as a customer.

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