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JPMorgan Chase CEO Jamie Dimon has criticized President Trump's proposed plan to cap credit card interest rates at 10%, calling it an 'economic disaster'. He argues that such a cap would limit access to credit for most Americans and negatively impact various sectors, including restaurants and retailers. The proposal, which is set to take effect on January 20, has not yet been detailed in terms of implementation or legal enforceability.
The chief executive of JP Morgan, Jamie Dimon, gesticulates as he speaks, with grey hair, wearing a navy blue suit
Credit: Co
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