Jamie Dimon, CEO of JPMorgan Chase, said he was backing the efforts of the Department of Government Efficiency (DOGE) to some extent, given the inefficiency of the federal government, noting that it was too early to say how the initiative would eventually impact the U.S. economy.
DOGE, led by Elon Musk, is attempting to identify and root out fraud and waste from the federal government.
“The government’s inefficient, not very competent, and it needs a lot of work,” Dimon said in a Feb. 24 interview with CNBC.
When asked whether he supports DOGE’s efforts, he replied, “Yes,” but clarified that “it’s too binary to say support or not.”…