"Dimon, Harris Support" NYT Report Sparks Backlash?
Dimon Responds, "Not Ready to Serve a Boss"
President-elect Donald Trump announced that he will not appoint Jamie Dimon, chairman of JP Morgan Chase who is known as the 'Emperor of Wall Street,' to his second-term administration.
On the 14th (local time), Trump wrote on his social networking service (SNS) Truth Social, which he created, "I respect Jamie Dimon of JP Morgan Chase, but he will not be invited to be part of the Trump administration." He added, "I appreciate Jamie's outstanding service to our country."
Chairman Dimon immediately responded to Trump’s statement, saying, "I am also not ready to start." He attended the Asia-Pacific Economic Cooperation (APEC) CEO Summit that day and said about Trump’s remarks, "Above all, I wish the president well and thank him," adding, "It’s a very nice message, but I want to say one thing to the president. I have had no boss for 25 years and I am still not ready to start."
During his candidacy in June, Trump said in an interview with Bloomberg Businessweek that he would "definitely consider" Dimon as Treasury Secretary, but denied this a month later. In a July interview, he said regarding Dimon’s role, "I have never discussed or thought about it," and "That idea probably came from the radical left."
Trump’s public statement that Dimon is not a candidate for Treasury Secretary in his next administration, despite his intention to appoint a 'Wall Street insider' to the position, appears to be because Dimon did not support him during the election. According to a New York Times (NYT) report last month, Dimon secretly supported Vice President Kamala Harris, the Democratic opponent of Trump. It is known that Dimon told those around him that he would consider a role in the next administration if Vice President Harris won the presidential election.
Trump is expected to decide on the Treasury Secretary nominee this week. Besides Scott Bessent, CEO of Key Square Group, who is a strong candidate for the first Treasury Secretary of Trump’s second term, names such as Howard Lutnick, CEO of Cantor Fitzgerald, and Robert Lighthizer, former U.S. Trade Representative (USTR), are also being mentioned. John Paulson, founder of the hedge fund Paulson & Company, who was considered a candidate for Treasury Secretary, recently stated, "I cannot take public office due to financial issues."
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