According to Odaily Planet Daily, JPMorgan Chase recently released a report evaluating the Department of Government Efficiency (DOGE) created by Trump. The department is led by Elon Musk and Vivek Ramaswamy and aims to streamline federal operations and cut wasteful spending.
The report noted that Trump plans to pursue an agenda to reduce red tape, including the creation of a new Department of Government Efficiency, but JPMorgan believes the department will face difficulties.
JPMorgan explained that Congress controls government spending, DOGE is outside of Congress, and final legislative changes require a 60-vote majority.
The report concludes that in 2025, investors will focus on the key and downplayed aspects of the Trump 2.0 agenda.