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JPMorgan Chase CEO Jamie Dimon has endorsed a pilot program to test President Donald Trump’s proposed 10% cap on credit card interest rates. Speaking on Wednesday, Dimon suggested the trial run should be conducted in Vermont and Massachusetts. While Dimon generally opposes government-imposed rate caps, he argued that testing the policy in specific markets would provide valuable data. The proposal aims to assess the potential economic impacts and industry adjustments before broader implementation, as Trump positions the issue as a way to protect consumers from high-interest debt.
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