JPMorgan Chase CEO Questions ‘Bidenomics’, Warns Against Mixing Economic and Political Agenda
JPMorgan Chase chief executive Jamie Dimon isn’t fully convinced by the economic plan President Joe Biden is touting as a historic accomplishment.
In an interview with The Economist’s editor-in-chief Zanny Minton Beddoes, which was published on Tuesday, Mr. Dimon was asked whether he believes “Bidenomics” is a success.
“God, it’s a tough question to answer,” he replied.
A new buzzword for Biden’s economic vision, “Bidenomics,” is deliberately designed to echo “Reaganomics,” although the Ronald Reagan era policies is characterized by reducing government spending and regulation and tightening money supply—a direct contrast to the Biden administration’s approach to the economy….