JPMorgan CEO Jamie Dimon said Monday that he’s hoping President Donald Trump’s Department of Government Efficiency is “quite successful” in streamlining the federal government by eliminating waste and fraud.

“Here’s what I support, OK?” Dimon told CNBC from the company’s Global Leveraged Finance Conference in Miami. “The government — and most of all, everybody would know — the government is inefficient, not very competent, and it needs a lot of work. It is not just waste and fraud, it’s outcomes. 

“Why are we spending the money on these things? Are we getting what we deserve? What should we change? Doing that needs to be done.

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