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

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...