Jamie Dimon says Trump 'wasn't wrong' about critical issues, warns Biden campaign on MAGA label

JPMorgan Chase CEO Jamie Dimon praised former President Donald Trump's handling of the economy, immigration, China and other issues in interviews over the past week.

"I think we should stop insulting the other side, including ‘MAGA.’ I've mentioned publicly many times that a lot of people have voted for President Trump, not because they believe in his family values, but they look at some of the things he did," he told FOX Business' Maria Bartiromo in an interview that aired on "Mornings with Maria" last week.

"He grew the economy. He was right about NATO, they spend more money. He was right… about China. He was right that… some regulations do not cause positive output. So, that's why they're voting for him, and I think the Democrats should be a little more thoughtful when they talk about ‘MAGA.’" 

Dimon also told Bartiromo his message to Democrats and the Biden campaign for 2024 was, "Don't act like every attribute of Trump is an attribute of them," referring to Trump's base. "It's just not true."

Dimon hesitated from fully endorsing Trump's rhetoric on sensitive topics, but said it was clear many voters found value in his first term as president.

"I don’t like how he said things about Mexico […] but he wasn’t wrong about some of these critical issues, and that’s why they’re voting for him," Dimon told CNBC this week. "I think people should be a little more respectful of our fellow citizens."

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Jamie Dimon, chairman and CEO of JPMorgan Chase, attends a hearing before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, D.C., on Dec. 6, 2023. (Aaron Schwartz/Xinhua via Getty Images)

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It is only the latest commentary Dimon has offered on economic issues facing citizens across the country.

Former President Donald Trump speaks during the "Save America" rally at the Montgomery County Fairgrounds in Conroe, Texas, on Jan. 29, 2022. (Brandon Bell)

Dimon said earlier this month that he is not convinced the Federal Reserve can achieve a soft landing as a result of their most aggressive rate hike campaign since the 1980s. 

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In the Bartiromo interview last week, Dimon warned about the possibility of a looming recession, while comparing the financial state to the turbulent period of 50 years ago when the nation endured a decade of high inflation. 

"I look at a lot of things, and forget just economic models for a second, $2 trillion of fiscal deficit, the infrastructure and IRA act, the green economy, the re-militarization of the world, the restructuring of trade are all inflationary," he told Bartiromo, "and that looks a little more like the 1970s to me."

Fox News Digital's Kristen Altus contributed to this report.