JPMorgan Chase CEO Jamie Dimon said Monday that Elon Musk’s Department of Government Efficiency (D.O.G.E) is taking on an overdue challenge, calling the U.S. government wasteful and inefficient as the Trump administration slashes thousands of federal jobs and restructures entire agencies.

JPMorgan Chase CEO Jamie Dimon on Monday said the U.S. government is inefficient and in need of work as the Trump administration terminates thousands of federal employees and works to dismantle agencies including the Consumer Financial Protection Bureau.

Now that JPMorgan Chase CEO Jamie Dimon and Tesla CEO and DOGE leader Elon Musk have repaired their relationship after years of litigation, Dimon is wishing Musk well on his new government endeavor. When asked for his thoughts on DOGE and the agency's effort to cut government waste on Monday by CNBC's Leslie Picker,

JPMorgan chairman and CEO Jamie Dimon told CNBC the government is inefficient and he hopes DOGE's efforts to cut government waste and fraud are successful. "The government and most all everybody would know the government's inefficient,

JPMorgan Chase CEO Jamie Dimon said that he hopes the Department of Government Efficiency will be “quite successful" in its bid to pare back spending and boost efficiency.

In an interview with CNBC‘s Leslie Picker on Monday, JPMorgan Chase CEO Jamie Dimon, labeled the government as “inefficient” and “not very competent,” implying that it “needs a lot of work.” Although he didn’t provide a clear-cut response about his stance on DOGE’s initiatives,