Nov 30, 2024, 12:00 AM
Nov 30, 2024, 12:00 AM

Jamie Dimon refutes rumor of secret talks with Donald Trump

Highlights
  • A New York Post article claimed Jamie Dimon and Donald Trump communicated through secret channels.
  • Dimon's representatives denied these claims, stating there have been no recent talks.
  • Trump confirmed he would not invite Dimon to his administration, ending speculation about a Treasury Secretary role.
Story

In the United States, a report published by the New York Post claimed that Jamie Dimon, the CEO of JPMorgan Chase, and former President Donald Trump had been in communication through secret back channels for several months. However, this information was disputed by sources close to Dimon, who asserted the claims were not accurate, indicating that there had been no recent discussions between the two. The Trump transition team did not respond to inquiries regarding the report, which suggested that the discussions purportedly began prior to the election and continued post-election, covering topics like spending cuts, bank regulations, and trade policies. Earlier in November 2024, Trump publicly stated that he would not invite Dimon to be part of his administration, refuting speculation about Dimon possibly taking a role as Treasury Secretary. In a post on his social media platform, Trump expressed his respect for Dimon but confirmed that Dimon would not be included in his administration, thanking him for his service to the country. This statement came amidst pressing discussions about key cabinet positions in the incoming administration. Dimon, responding to the public rumors, declared that he had no desire to work in the Trump administration, stating that he had not had a boss in 25 years and was not looking to start. This rejection from Dimon appeared to alleviate some speculation regarding his involvement with the newly elected president. The day before Trump’s comments, there were also reports circulating on social media that falsely claimed Dimon had endorsed Trump’s presidential candidacy, prompting a denial from JPMorgan Chase and confusion around the matter. Despite the buzz about Dimon's connections with Trump, it is noteworthy that he did not formally endorse either Trump or Kamala Harris in the preceding presidential election, although his wife campaigned for Harris. While the reports had drawn attention to favorable comments Dimon made about Trump’s policies previously, both sides have consistently distanced themselves from any claims of a close relationship or ongoing consultations between them, emphasizing that no substantial dialogue has taken place recently.

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