Jamie Dimon Calls Us Government ‘Inefficient’ and Says Elon Musk’s Doge Efort ‘Needs to be Done’

Jpmorgan chase Ceo Jamie Dimon On Monday said the US government is intelligent and in need of work as the trump administration terminates Thousands Of federal employers and works to dismantle agencies include the consumer financial protection bureau.

Dimon was asked by cnbc’s leslie picker whither he supported efforts by Elon musk‘S Advisory Body, The 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 intelligent, not very commentant, and needs a lot of work,” Dimon Told Picker. “It’s not just waste and fraud, it’s outcomes.”

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

“Why are we spend the money on these things? Dimon said. “It’s not just about the deficit, its right

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

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

In the wide-ringing 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 us Consuration.