President-elect Donald Trump has reportedly communicated with JPMorgan Chase CEO Jamie Dimon about economic policy ideas through secret back channels.
The New York Post reported this on Friday that Dimon has acted as a ‘sounding board’ for the new commander-in-chief, sources close to the transition team told the newspaper.
A Republican insider said the president’s inner circle has had “unlimited conversations” with Dimon.
“They have been speaking regularly for months,” another Republican source said.
The report comes after Trump publicly said Dimon would not join his Cabinet.
“I greatly respect Jamie Dimon of JPMorgan Chase, but he will not be invited to join the Trump administration. I thank Jamie for his outstanding service to our country!’ Trump wrote on Truth Social earlier this month.
The message came after Reuters reported the day after the presidential election when Dimon had no plans to join the Trump White House 2.0.
“I haven’t had a boss in 25 years and I’m not ready to start yet,” Dimon responded after Trump’s public statement.
President-elect Donald Trump reportedly communicated through secret back channels with JPMorgan Chase CEO Jamie Dimon about economic policy ideas
However, Dimon, a registered Democrat, did not endorse Trump prior to the election The New York Times reports this in late October that he quietly supported Harris.
His wife Judy went one step further and knocked for Harris in the swing state of Michigan the weekend before voters went to the polls.
Judy Dimon donated nearly $200,000 to the Democratic National Committee and gave the Harris campaign $3,300 — the maximum individual donation allowed to a candidate’s committee per election cycle. according to Open Secrets.
She gave the same amount to Michigan Democratic Senate hopeful Rep. Elissa Slotkin, who was successful in her bid.
Jamie Dimon’s net worth is estimated at around €2.5 billion. He is credited with helping JPMorgan Chase’s CEO navigate the 2008 financial crash, leading the bank for nearly 19 years.
He chose not to publicly endorse a candidate this cycle because he feared Trump would retaliate if he backed him.
At one point, Trump suggested that Dimon was actually supporting his presidential bid.
The Post reported that the two discussed plans to cut government spending, banking regulation, taxes and trade policy.
Trump this week threatened to impose tariffs on Canadian, Mexican and Chinese goods over border crossings and fentanyl. At APEC earlier this month, Jamie Dimon said he believed tariff threats would get people to the negotiating table, but added: ‘I just hope it’s done sensibly’
Earlier this month, Dimon attended the Asia-Pacific Economic Cooperation in Lima, Peru and advised attendees to read Trump’s book, The Art of the Deal.
“Read his book: Create Options,” Dimon said.
As for Trump’s tariff threats, the banker said, “I just hope this is done sensibly.”
This week, Trump said he would impose a 25 percent import tax on Canadian and Mexican products if the country did not help him with border control. He also threatened to impose an additional 10 perfect tariffs on China because the government would not impose the death penalty on fentanyl. dealers.
The president-elect almost immediately had phone conversations with Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum Pardo.
Dimon said tariff threats would “bring people to the table” to negotiate and predicted Trump would not want to negatively impact the stock market.