JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023.
Evelyn Hockstein | Reuters
JPMorgan Chase CEO Jamie Dimon on Wednesday urged the U.S. to reduce its fiscal deficit sooner rather than later, warning the issue will likely become “far more uncomfortable” if it continues to be overlooked.
His comments follow a period of rapid interest rate hikes, tax cuts and massive stimulus programs designed to support the world’s largest economy during the coronavirus pandemic.
“America has spent a lot of money. During Covid and after Covid, our deficit is at 6% now. That’s a lot,…
