• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Stock

JPMorgan Chase CEO Jamie Dimon says DOGE ‘needs to be done’ to fix government inefficiency

by February 25, 2025
by February 25, 2025

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.

Dimon was asked by CNBC’s Leslie Picker whether he supported efforts by Elon Musk’s Department of Government Efficiency. He declined to give what he called a “binary” response, but made comments that supported the overall effort.

“The government is inefficient, not very competent, and needs a lot of work,” Dimon told Picker. “It’s not just waste and fraud, its outcomes.”

The Trump administration’s effort to rein in spending and scrutinize federal agencies “needs to be done,” Dimon added.

“Why are we spending the money on these things? Are we getting what we deserve? What should we change?” Dimon said. “It’s not just about the deficit, its about building the right policies and procedures and the government we deserve.”

Dimon said if DOGE overreaches with its cost-cutting efforts or engages in activity that’s not legal, “the courts will stop it.”

“I’m hoping it’s quite successful,” he said.

In the wide-ranging interview, Dimon also addressed his company’s push to have most workers in office five days a week, as well as his views on the Ukraine conflict, tariffs and the U.S. consumer.

This post appeared first on NBC NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
New bill threatens to cripple ‘judicial tyranny’ from derailing Trump’s agenda at every turn
next post
LIZ PEEK: The gigantic slush fund inside the Biden White House

You may also like

White House accuses Powell of mismanaging Federal Reserve,...

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

OpenAI to release web browser in challenge to...

Sports executive charged with bid-rigging in Texas arena...

Amazon extends Prime Day discounts to 4 days...

Boeing delivers most airplanes since late 2023 after...

Waymo offers teen accounts for driverless rides

Is a Chinese chain’s blood orange cold brew...

Essence Fest leads a summer of events for...

Tariffs and weaker beer demand are weighing on...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Hegseth tears up red tape, orders Pentagon to begin drone surge at Trump’s command
    • SCOOP: Sen Ron Johnson readies subpoenas for FBI, DOJ in Butler shooting probe
    • Jackson defends controversial, fiery SCOTUS dissents as telling people ‘how I feel’
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

    Categories

    • Economy (6,619)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,373)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock