Jamie Dimon Supports DOGE's $2 Trillion Cost-Cutting Plans

JPMorgan Chase CEO Jamie Dimon expressed optimism regarding the Department of Government Efficiency (DOGE), led by Elon Musk, aiming to reduce waste and improve efficiency in the federal government. In a recent interview, Dimon criticized the government's inefficiency, stating it requires significant improvement beyond just cutting waste and fraud. He acknowledged that similar attempts to reform the government have been made in the past but emphasized the importance of trying again. Dimon hopes that DOGE can achieve its goals without overreaching, indicating that any illegal actions would be curtailed by the courts. He also noted the potential for DOGE's initiatives to have both short-term costs and long-term savings. Overall, Dimon underscored the need for effective policies and procedures to create a government that serves the public effectively.