JPMorgan CEO and Dem Donor Jamie Dimon Slams Biden Again – Now It’s ‘Bidenomics’
The CEO of JPMorgan Chase has his doubts about President Joe Biden’s economic policy, which the president has christened “Bidenomics.”
“I’d be careful about that,” said Jamie Dimon, the head of America’s largest bank, according to CNN.
“Dimon classified Bidenomics largely as industrial policy — a strategy that specifically encourages or subsidizes particular industries,” the outlet reported, citing an interview Dimon gave to The Economist.
Dimon said he has come around to supporting a form of industrial policy, but only in areas of national security and competitiveness.
“There shouldn’t be social policy around that,” he said. “It shouldn’t be political. It should be purely economic.”
Dimon said the trillions in spending by the Biden administration is causing inflation and that if he was in charge of the economy,
