Trump Denies Considering Dimon for Treasury Secretary

'I don't know who said it, or where it came from, perhaps the Radical Left'
By Rob Quinn,  Newser Staff
Posted Jul 17, 2024 1:57 PM CDT
Updated Jul 23, 2024 7:10 PM CDT
Trump Says He'll Consider Dimon for Treasury Secretary
Jamie Dimon looks on during the seventh "Choose France Summit" at the Chateau de Versailles, outside Paris, in May.   (Ludovic Marin, Pool via AP)
UPDATE Jul 23, 2024 7:10 PM CDT

Donald Trump has denied reports that he's considering JPMorgan Chase CEO Jamie Dimon or BlackRock CEO Larry Fink for Treasury secretary if he wins a second term. "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 said in a Truth Social post Tuesday. Bloomberg reports that when Trump was asked in a June 25 interview whether he would consider Dimon for the role, he said, "He is somebody that I would consider, sure." In a New York Post column on Sunday, Charles Gasparino claimed Trump is "still seeking out Fink for insights into the economy."

Jul 17, 2024 1:57 PM CDT

"I've never been a big Jamie Dimon fan," Donald Trump said in a Truth Social post last year, slamming the JPMorgan Chase CEO as a "highly overrated Globalist" after he urged people to support then-rival Nikki Haley. But the former president may be warming to the leader of the country's biggest bank, Quartz reports. In an interview with Bloomberg Businessweek conducted in late June and published on Tuesday, Trump said Dimon is "somebody that I would consider" as Treasury secretary in a second Trump administration.

Dimon was one of dozens of CEOs who met with Trump on June 13 in what the former president says was, despite a CNBC report to the contrary, a "lovefest." "I will tell you when I'm not loved, because I feel that better than anybody," Trump said in the interview. He also said he would allow Fed chair Jerome Powell to serve the remainder of his term, which ends in 2026, and would bring the corporate tax rate as low as 15%. Trump lowered the rate from 35% to 21% during his first term.

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Dimon, 68, said last year that he would consider serving his country "in one capacity or another," Quartz reports. In January, he praised some of Trump's policies in remarks at the World Economic Forum in Davos, Switzerland. "Be honest," Dimon said. "He was kind of right about NATO, kind of right about immigration. He grew the economy quite well. Tax reform worked."

  • According to Coin Telegraph, Trump considering Dimon could be "cause for concern for the cryptocurrency and blockchain communities." In a congressional hearing in December, he said cryptocurrencies like Bitcoin are only good for "criminals, drug traffickers, money laundering, [and] tax avoidance," and if he was in the government, he'd "close it down."
(Steven Mnuchin, Treasury secretary during Trump's first term, is putting together a bid to buy TikTok.)

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