Former President Donald J. Trump expressed openness this week to considering JPMorgan Chase CEO Jamie Dimon for the position of United States Secretary of the Treasury. “He is somebody that I would consider,” Trump stated in a recent interview.
Dimon himself has hinted at the possibility of seeking public office or serving in a cabinet role, saying last year, “Obviously, it’s crossed my mind because people mention things to you and stuff like that. I love my country, and maybe one day I’ll serve my country in one capacity or another, but I love what I do.”
Earlier this year, Dimon appeared to warm to a second Trump term, stating at the World Economic Forum (WEF) in Davos, Switzerland, that Trump was not wrong on critical issues like NATO, mass immigration, and the threat of China. Additionally, the JP Morgan Chase CEO has been far less enthusiastic about a potential second Biden term, warning: “There are a lot of inflationary forces in front of us.”
Dimon has been the CEO of JP Morgan Chase since 2006, leading the bank through the 2008 financial crisis and the economic boom years under former President Trump.
Trump’s contemplation of Dimon for the role comes amid ongoing speculation about the composition of his cabinet following the announcement of Senator J.D. Vance (R-OH) as his running mate. Additionally, Trump indicated during the interview that he would allow Federal Reserve Chairman Jerome Powell to serve out his term, stating: “I would let him serve it out… especially if I thought he was doing the right thing.”