JPMorgan ChaseCEOJamie Dimon on Wednesday warned that President Trump’s 10% credit card cap would force banks to yank credit lines for most Americans — hammering the economy.
If you don't know him, Jamie Dimon is the boss of JP Morgan and quite a smart guy, obviously ... He's spoken about AI and reckons we need to slow down ... He's talking about soon ... Which leaves us with the social problem that Jamie Dimon was getting at ... .
JPMorgan ChaseCEOJamie Dimon limited his criticism of PresidentDonald Trump in a question-and-answer session at Davos on Wednesday – with one notable exception ... “The people crying the most won’t be the credit card companies,” Dimon predicted.
Jamie Dimon speaks during the World Economic Forum in Davos on Jan ... Even so, CEO Jamie Dimon worries the technology’s rapid adoption will outpace the labor market’s ability to adjust ... “It is what it is,” said Dimon.
Jamie Dimon, who runs JPMorgan Chase, told an audience in Davos, Switzerland, on Wednesday that forcing a cap on credit card rates would cut off borrowing options for most Americans... Dimon suggests testing rate cap in two states first.