Tag: JPMorgan

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JPMorgan CEO Jamie Dimon Backs Elon Musk’s Government Efficiency Push: “Wasteful and Incompetent”

JPMorgan CEO Jamie Dimon has voiced support for Elon Musk’s push to improve government efficiency, criticizing federal bureaucracy as wasteful and incompetent. While not committing to specific methods, Dimon expressed hope for the initiative’s success and dismissed concerns about overreach, noting that the courts would intervene if necessary.

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JPMorgan chief Jamie Dimon warns US economy faces an outcome worse than a recession, Daily Mail reports

JPMorgan CEO Jamie Dimon cautions that the U.S. economy might face a crisis worse than a recession, with rising interest payments potentially leading to stagflation. The country is set to owe $1.2 trillion in interest by 2024, risking a debt spiral. Without careful fiscal management, the scenario could trigger an unprecedented global financial crisis.