Economic

Jamie Dimon says Trump’s credit card rate cap would be ‘economic disaster’

January 22, 2026 at 07:15Z
BIAS: Right
RELIABILITY: Mixed

Political Bias Rating

This rating indicates the source’s editorial stance on the political spectrum, based on analysis from Media Bias/Fact Check, AllSides, and Ad Fontes Media.

Far Left / Left: Progressive editorial perspective
Lean Left: Slightly progressive tendency
Center: Balanced, minimal editorial slant
Lean Right: Slightly conservative tendency
Right / Far Right: Conservative editorial perspective

Current source: Right. Stories with cross-spectrum coverage receive elevated prominence.

Reliability Rating

This rating measures the source’s factual accuracy, sourcing quality, and journalistic standards based on third-party fact-checking assessments.

Very High: Exceptional accuracy, rigorous sourcing
High: Strong factual reporting, minor issues rare
Mixed: Generally accurate but occasional concerns
Low: Frequent errors or misleading content
Very Low: Unreliable, significant factual issues

Current source: Mixed. Higher reliability sources receive elevated weighting in story prioritization.

Fox Business
19:37Z

JPMorgan Chase CEO Jamie Dimon issued a stern warning about President Donald Trump’s credit card rate cap at the World Economic Forum in Davos on Wednesday, saying that it would be an “economic disaster.” Trump said that he wants to impose a 10% cap on credit card interest rates for one year, saying he wants to prevent consumers from being “ripped off” by credit card issuers, with interest rates that may exceed 20% for some borrowers. When asked whether Trump’s proposed rate cap was a bad idea, Dimon said during a moderated discussion in Davos that while it would affect the bank’s business, it would “survive it,” but warned the cap would limit credit for a majority of consumers. TRUMP CALLS FOR 1-YEAR 10% CAP ON CREDIT CARD INTEREST RATES “It would be an economic disaster,” Dimon said.

“It

Source Assessment

Political Bias
Right
Reliability
Mixed

Continue reading at the original source

Read Full Article at Fox Business →