Donald Trump walks back support for Jamie Dimon as his Treasury secretary
Trump claimed he never discussed Dimon for Treasury secretary 1 week after Bloomberg reported he did
Jamie Dimon calls on Democrats, Republicans to 'stop insulting the other side'
JPMorgan Chase CEO Jamie Dimon weighs in on a variety of political topics, from the 2024 presidential election to southern border security.
Former President Trump has walked back his suggestion that JPMorgan Chase CEO Jamie Dimon could serve in his Cabinet if he wins a second term in the White House.
"I don’t know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or thought of, Jamie Dimon or Larry Fink for Secretary of the Treasury," Trump posted Tuesday on Truth Social, also quashing speculation about the BlackRock CEO.
But it was the Republican presidential candidate himself who first floated Dimon as a potential nominee for the U.S. Department of the Treasury in an interview with Bloomberg last week.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO. | 217.63 | -1.70 | -0.78% |
TRUMP COULD PICK JAMIE DIMON FOR TREASURY SECRETARY
Former President Trump, left, and Sen. JD Vance, R-Ohio, appear at the Republican National Convention at Fiserv Forum in Milwaukee on July 15. (Eva Marie Uzcategui/Bloomberg via / Getty Images)
"I have a lot of respect for Jamie Dimon," Trump said in the interview, which was conducted in June. Asked whether he could see Dimon as his next Treasury secretary, Trump responded, "He is somebody that I would consider, sure."
JPMorgan declined to comment on Trump's comments at the time.
BUSINESS LEADERS RESPOND TO ATTEMPTED ASSASSINATION OF FORMER PRESIDENT TRUMP
Jamie Dimon, chairman and CEO of JPMorgan Chase, speaks during an Economic Club of New York event in New York City on April 23. (Victor J. Blue/Bloomberg via)
Dimon, who has served as JPMorgan Chase's CEO and chairman since 2006, has played coy when reporters have asked him if he would potentially accept a government position.
"I want to help my country," he said in April. "I want the next president, whoever it is, to put the other party in their Cabinet. That is what I would like to see. I would like to see practitioners go back to the government."
JPMORGAN'S JAMIE DIMON SAYS US NEEDS TO ACT ON ITS DEFICIT
Steven Mnuchin served as Treasury secretary during Trump's first term in office. (Marco Bello/Bloomberg via / Getty Images)
Trump has been critical of Dimon in the past, most recently last year, when he referred to the JPMorgan boss as a "Highly overrated Globalist" on his Truth Social platform.
Dimon, like many other corporate executives, had condemned the Jan. 6, 2021, attack on the U.S. Capitol by Trump supporters, who made an unsuccessful attempt to prevent Congress from certifying the results of the 2020 election in which Trump lost to President Biden.
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However, Dimon has recently praised some of Trump's positions and policies.
"Take a step back, be honest. He was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China," Dimon told CNBC earlier this year. "He wasn't wrong about some of these critical issues."
FOX Business' Breck Dumas contributed to this report.