While some businessmen like Elon Musk, CEO deTeslahas his hand towards him Donald Trump’s second termothers decide not to join forces with it. As you have pointed out the CEO of JPMorgan ChaseJamie Dimonin an interview with Bloomberg according to David Hollerith and Ben Werschkul on Yahoo Finance.
“I wish the president well,” Dimon said during an interview with Bloomberg. “I haven’t had a boss in 25 years and I’m not ready to start,” he added. It was his first public conversation since the US elections.
But the president-elect arrived first. He headed to Truth Social approximately thirty minutes before Dimon’s talk to dispel rumors.
“I have great respect for JPMorgan Chase’s Jamie Dimon, but he will not be invited to be part of the Trump Administration. I thank Jamie for his outstanding service to our country!” Trump’s Truth Social account said in a post.
So far, Trump has filled his Cabinet with his closest loyalists and dismissed voices that have offered almost any recent criticism. Trump previously ruled out, also in a social media post, naming former rival Nikki Haley and former Secretary of State Mike Pompeo.
In the run-up to the US election, Dimon, who has been an outspoken voice on a variety of issues, he did not give a full endorsement of either Vice President Kamala Harris or Trump.
He did offer them advice, according to reports Yahoo Financethrough informal and formal advisors of both candidates. And scrutiny of his opinions intensified as both campaigns viewed a potential Dimon endorsement as a coveted ultimate prize.
Trump made sure to praise Dimon in Thursday’s post, and in October, Trump’s account even posted a false claim of a Dimon endorsement.
The public attention on Dimon comes at a time when speculation around the Trump economic teamas the president-elect rushes to name his team following last week’s election victory.
So far, Trump has focused primarily on non-economic areas with a series of controversial elections, from the Rep. Matt Gaetz as his nominee for attorney general until the Fox News host Pete Hegseth to lead Defense Department.
The elections for the main economic positions are expected to be known in the coming days.
It is considered that a variety of figures, from the investor Scott Bessent to former US Trade Representative Robert Lighthizer and Cantor Fitzgerald CEO Howard Lutnickthey could fill positions, including the coveted role of Treasury secretary.
Dimon will not be among them, but, as reported by the New York Times y Yahoo Financeit was never really likely that Dimon would join the Trump White House. A source said the CEO privately favored Harris. In the days leading up to Election Day, Dimon’s wife, Judy, had also volunteered with Harris’ campaign.
Although there is much uncertainty about what a Trump administration will mean for the economy, the US bank shares rose after Trump’s victoryin a sign that financial institutions hope to have an easier time in Washington under a new Republican administration.
Dimon himself has called for fewer regulations, and recently criticized “an avalanche” of supervisors under the current Biden administration.
On Thursday, he said he hopes the Trump administration will roll back current regulation and make it easier for companies to merge.
However, given his concerns about the current geopolitical environment, Dimon still believes that the possibility of the US economy achieving a “soft landing” es “less than other people think.”
JPMorgan ChaseIt is trading higher on Friday afternoon at $244.83. The 70 and 200 period moving averages remain below the price, RSI up at 68 points and MACD lines above the zero level.
Medium and long-term resistance is at $248. Meanwhile, Ei indicators are mixed.