๐ณโ ๏ธ Dimon Sounds Alarm as Trump Pushes Credit Card Rate Cap ๐
JPMorgan Chase CEO Jamie Dimon warned that capping credit card interest rates could trigger an โeconomic disaster,โ saying banks may be forced to cut back lending if they canโt price risk properly..
Meanwhile, Donald Trump is backing a proposal to cap rates, arguing it would ease pressure on consumers struggling with high borrowing costs.
Wall Street fears tighter credit access, while supporters say the move protects households โ setting up a fresh clash between banks vs populist policy.
#CreditCards #EconomyAlert #JamieDimon #TRUMP #WallStreet #USMarkets
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