Jamie Dimon, the CEO of America’s largest bank, JPMorgan Chase, has been revealed as a secret adviser to President-elect Donald Trump, shaping a bold policy agenda both before and after his decisive election victory, four sources told The New York Post.
Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., a banking firm with assets of $3.2 trillion and operations worldwide, has emerged as an influential sounding board for Trump.
A company insider revealed that despite their potent collaboration, efforts were made to keep these consultations under wraps to prevent leaks. The president-elect’s team, keen on maintaining a strategic distance in public perception between Trump and Democrat Dimon, orchestrated the confidential discussions.
Sources close to Trump’s transition team revealed that Dimon has engaged in candid, behind-the-scenes discussions on cutting government spending, revamping banking regulations, lowering taxes, and rebalancing trade policies.
“They have been speaking regularly for months,” said one of the GOP sources.
The Post reported:
The quietly cozy relationship between Trump and Dimon has flourished despite the banker’s cryptic and tight-lipped tendencies when it comes to politics. Trump had floated Dimon’s name as a possible Treasury secretary pick in June and later claimed he had won his White House endorsement — despite a lack of any public statement from Dimon to that effect.
Trump and Dimon also have continued to talk despite bouts of tension, including on Nov. 14 when the president-elect declared on Truth Social that Dimon ”will not be invited” to join his Cabinet. The banker promptly shot back: “I haven’t had a boss in 25 years and I’m not about ready to start.”
The JPMorgan CEO, a registered Democrat who declined to back either candidate in the White House race, had even reportedly toyed with the idea of joining a Kamala Harris administration but then ruled himself out of leaving the Wall Street giant when her poll numbers tanked, The Post previously reported.
On Nov. 22, The Post broke the news that Trump was also consulting with Blackrock CEO Larry Fink, a major Dem donor, on policy issues.
Nevertheless, the former” Apprentice” star’s admiration of Dimon, who has helmed JPMorgan Chase for nearly two decades and has a net worth estimated by Forbes at $2.6 billion, was described by one source as “a man crush.”
Dimon is not the only Wall Street giant lending his expertise to the president-elect. Reports also suggest that Trump has consulted BlackRock CEO Larry Fink and has been seeking advice from a “kitchen cabinet” of Wall Street executives following his appointment of Scott Bessent, a former partner at Soros Fund Management, as Secretary of the Treasury.
Wells Fargo analyst Mike Mayo believes this marks a seismic shift for the financial sector, heralding a “new era of deregulation” under Trump’s leadership.
“This is Jamie’s vindication,” Mayo told The Post. “He is looking at all the bureaucracy and red tape and saying enough of the regulatory theater. It’s like banking with one hand tied behind your back”
Ever since Chase Bank got rid of the Jeffrey Epstein-linked string of lawsuits, Dimon has been able to fully reposition himself as a leading voice on the economy and may even be signaling a shift in his political views.
Earlier this year, during an appearance on CNBC’s “Squawk Box,” JPMorgan CEO Jamie Dimon provided a candid analysis of the American political landscape while speaking at the World Economic Forum in Davos.
Dimon acknowledged that former President Donald Trump’s economic policies resonate with many voters, and he criticized the media and Democrat rhetoric for creating divisions.
“I wish the Democrats would think a little more carefully when they talk about MAGA,” said Dimon.
“When people say ‘MAGA,’ they’re actually looking at people voting for Trump, and they think they’re voting, and they’re basically scapegoating them, that you are like him. But I don’t think they’re voting for Trump because of his family values.”
He went on to acknowledge that, from his perspective, Trump had been “kind of right” about several significant issues, such as NATO, immigration, economic growth, tax reform, and some aspects of foreign policy concerning China.
“And that’s why they’re voting for him,” Dimon said, suggesting that voters’ decisions are more nuanced than some critics might suggest.
He called out the Democrats and Biden regime for demonizing millions of Americans who voted for Trump.
“The Democrats have done a pretty good job with the deplorables, hugging onto their bibles and beer, and their guns. I mean, really, can we just stop that stuff and actually grow up, treat other people with respect, and listen to them a little bit? And, I do think the economy will affect, and I think this negative talk about MAGA is going to hurt Biden’s election campaign.”
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