Dimon went on to express support for Musk's leadership of the Department of Government Efficiency (DOGE), a federal initiative created by an executive order signed Monday by President Donald Trump.
Musk initially pitched DOGE in August as a tool to cut federal spending and reduce regulations.
However, DOGE's current focus is on modernizing the government's aging IT systems and software infrastructure.
"We deserve good government," Dimon told CNBC. "I don't think anyone believes sending another trillion dollars to Washington guarantees good governance. Government needs to be more accountable, more efficient and outcomes-based."
