Jamie Dimon, CEO of JPMorgan Chase: Takes a wait-and-see attitude towards the reform of the Trump administration, economic slowdown is quite normal.

Recently, the US market has expressed concerns about the slowing economic growth, from weak retail sales, declining consumer confidence, to increased policy uncertainties, leading to relatively conservative market sentiment. However, Jamie Dimon, CEO of JP Morgan, mentioned in an interview on 2/25 that these changes are actually a normal phenomenon of economic normalization.

The market is worried about the economic slowdown, Dimon believes everything will return to normal

Dimon said that after the epidemic, the economy experienced explosive growth due to the government's large-scale distribution of funds. Now, as these stimulus measures weaken, consumer behavior is beginning to return to normal. For example, consumers may choose cheaper products, reduce expensive travel, and credit costs have also returned to pre-epidemic levels.

Dimon emphasizes that although the current economic situation has slowed down, it is still normal, and it is difficult to predict whether the future will be better or worse.

The key lies in the implementation of the new policy of the Trump administration affecting the economy.

With the re-emergence of the Trump (Donald Trump) administration, a series of executive orders have been issued recently, including tariff adjustments, immigration policies, government spending cuts, etc., attracting market attention to their impact on the economy.

Dimon said that the impact of the policy depends on the way it is implemented. He believes that it is a good thing for the economy if the government can improve efficiency and reduce waste. However, if tariff policies are misused and lead to trade retaliation, it may have a negative impact on the economy. Therefore, he holds a 'wait-and-see attitude' towards these policies and believes that further observation of their specific implementation is needed.

Is the Trump administration's reform imperative, with low administrative efficiency being the consensus?

The efficiency of the current US government is highly questioned, and the Trump administration's Office of Management and Budget (OMB) Director Russell Vought has taken a tough approach to streamline the organization, described by the outside world as a Chainsaw Approach (Chainsaw Approach). Dimon commented that the direction of reform is correct, but the details of implementation need to be careful.

Everyone knows that the government is inefficient and lacks competitiveness, and needs a lot of improvement. Dimon pointed out that government reform is not just about reducing waste, but should also focus on policy outcomes, such as ensuring that expenditures bring the expected returns.

However, Dimon also cautioned that the bureaucratic system within the government will inevitably resist reform, so driving change requires strong determination. He hopes that this reform will be successful, but if there are issues of illegality or excessive enforcement, the courts should intervene to provide checks and balances.

(Live unboxing of US gold reserves! Musk talks about Dogecoin dividends, the Ukraine-Russia war, and the future of the United States)

Not just reducing the deficit, but building a more efficient system

When asked whether government reform should aim to reduce the deficit, Dimon believes that while reducing the fiscal deficit is important, it is more critical to establish a more efficient system.

He gave an example, such as the need for comprehensive modernization of the Federal Aviation Administration (FAA) (, which may increase expenditure in the short term, but can save a lot of money in the long run and even improve aviation safety.

"What we need are the right policies and improved processes to make the government more efficient, not just budget cuts," Dimon emphasized.

How should the market view the future, policies and economic development still need to be observed

Overall, Dimon's view on the current economy is relatively neutral. He believes that market fluctuations and concerns are normal phenomena, and the impact of the Trump administration's policies depends on the specific implementation. He recommends that businesses and investors adopt a pragmatic attitude, continue to observe the progress of government reforms, and pay attention to the changes in the U.S. economy during the normalization process.

This article JPMorgan Chase CEO Dimon: Adopting a wait-and-see attitude towards the Trump administration's reforms, economic slowdown is quite normal first appeared on Chain News ABMedia.