JPMorgan CEO Jamie Dimon Says the U.S. Government Is 'Not Very Competent' and Hopes Elon Musk's DOGE Is 'Quite Successful'

Feb 25, 2025 04:28 AM - 1 month ago 73147

Now that JPMorgan Chase CEO Jamie Dimon and Tesla CEO and DOGE leader Elon Musk person repaired their relationship aft years of litigation, Dimon is wishing Musk good connected his caller authorities endeavor.

When asked for his thoughts connected DOGE and the agency's effort to trim authorities discarded connected Monday by CNBC's Leslie Picker, Dimon was upbeat.

Related: Want to Work for DOGE? Elon Musk Is Looking for 'Super High-IQ' Hires — But There's a Catch

"I'm hoping it's rather successful," Dimon said.

Musk is considered a "special authorities employee" who's officially serving nether President Donald Trump, according to the White House. "A typical authorities worker is anyone who works, aliases is expected to work, for the authorities for 130 days aliases little successful a 365-day period," per the U.S. Department of Justice.

DOGE's usability is to destruct authorities waste, fraud, and abuse, according to the agency.

"The authorities is inefficient, not very competent, and needs a batch of work," Dimon said.

"It's not conscionable astir the deficit, it's astir building the correct policies and procedures and the authorities we deserve," he added.

When asked if he supports the "chain-saw approach" DOGE is taking to the national government, Dimon said this is thing that has been tried before.

"Remember, it was tried by Al Gore and Bill Clinton. It was tried by a bunch of different folks successful the past," he said. "Yes, they should try."

Watch the afloat video on CNBC, here.

Related: JPMorgan CEO Jamie Dimon Fires Back astatine Employees Who Signed a Petition Calling for Hybrid Work

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