Jamie Dimon criticizes Trump's immigration policy: 'I don't like what I'm seeing'
The JPMorgan Chase CEO, who has mostly avoided criticizing the administration, called the actions of immigration officers too extreme
Bloomberg
Jamie Dimon has been a longtime proponent of immigration reform in the U.S., but on stage at the World Economic Forum in Davos, the CEO of JPMorgan $JPM Chase took issue with how enforcement is being handled in the United States.
Dimon, who has largely avoided criticizing the current White House administration, criticized the actions of U.S. Immigration and Customs Enforcement (ICE) officers as too extreme.
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″I don’t like what I’m seeing, five grown men beating up a little old lady,” Dimon said. “So I think we should calm down a little bit on the internal anger about immigration.”
Dimon added he wanted to know more about the people being taken in ICE raids, questioning whether they were in the U.S. illegally or if they had broken some sort of law.
“We need these people,” he said. “They work in our hospitals and hotels and restaurants and agriculture, and they’re good people.… They should be treated that way.”
The criticism of ICE, whether targeted at a single incident or overall, wasn't the only bone Dimon had to pick with Washington. He also was critical of proposed plans to cap interest rates on credit cards at 10% for a limited time, saying the proposal could cause an "economic disaster" for the country as some banks would withdraw credit lines from customers.
"Our business, you know, would still survive," Dimon said. "In the worst-case scenario, there would have to be a drastic reduction in the credit card business."
Dimon has been largely supportive of most Trump initiatives – and has praised him previously for his actions on securing the border. He also has backed addressing trade imbalances, largely supporting tariffs. While he described the rhetoric as “too large, too big, and too aggressive when it started,” he told people to "get over" tariffs at Davos last year.