Back to today’s briefing

Story perspectives

Dimon Slams Trump's Interest Cap, Warns of Economic Fallout

1/22/2026

36 4 Full Breakdown

Summary

Story summary

JPMorgan Chase CEO Jamie Dimon criticized U.S. President Donald Trump’s plan for a 10% cap on credit card interest rates, calling it an "economic disaster" and warning it could cut credit access for 80% of Americans.
He criticized the "Davos elite" for failing to improve global conditions.
Dimon urged government action to address AI-driven job losses and proposed local incentives to retrain affected workers.

1 of 1

Story summary

JPMorgan Chase CEO Jamie Dimon criticized U.S. President Donald Trump’s plan for a 10% cap on credit card interest rates, calling it an "economic disaster" and warning it could cut credit access for 80% of Americans.
He criticized the "Davos elite" for failing to improve global conditions.
Dimon urged government action to address AI-driven job losses and proposed local incentives to retrain affected workers.