Trump’s DOGE Gets A Big Endorsement
JPMorgan CEO Jamie Dimon recently shared his thoughts on President Donald Trump’s Department of Government Efficiency (DOGE) and its mission to reduce waste, fraud, and inefficiency within the federal government. Dimon expressed hope that DOGE’s efforts would lead to meaningful change, stating, “The government is inefficient, and it needs a lot of work.” He pointed out that it’s not just about eliminating fraud and waste but ensuring taxpayers are getting the value they deserve for their hard-earned dollars.
According to Dimon, the government’s bureaucracy often resists any attempt at reform, making it a tough battle for those pushing for efficiency. However, he believes that if DOGE succeeds, it could significantly improve outcomes by holding the government accountable. Dimon also made it clear that while there may be short-term costs involved in streamlining operations, the long-term savings and positive results would be worth the investment. For Dimon, the key is not just reducing the deficit but ensuring the government operates in a way that benefits the American people.
When it comes to Trump’s broader economic policies, including tariffs and stricter immigration laws, Dimon adopted a wait-and-see approach. He acknowledged that these policies could have an impact on the economy but noted that the overall effects might be marginal. Dimon emphasized that a more effective and efficient government would be a positive for the country, and while tariffs could be harmful if overused, their proper application could lead to better trade deals and negotiations.
Dimon also addressed JPMorgan’s ongoing commitment to engaging with minority communities, despite the growing corporate pushback against diversity, equity, and inclusion initiatives. He reaffirmed that the company’s outreach to Black, Hispanic, LGBTQ, veteran, and disabled communities would continue. While Dimon expressed dissatisfaction with some of the current diversity training programs and consulting practices, he assured that JPMorgan’s dedication to uplifting communities and offering valuable training programs would remain strong. He also reiterated that if the company had made any missteps, they would work to correct them.
