Illustration of Trump Considers Jamie Dimon for Treasury Secretary amid Speculations

Trump Considers Jamie Dimon for Treasury Secretary amid Speculations

Donald Trump is considering appointing JPMorgan Chase chief Jamie Dimon as his next Treasury Secretary.

Following a recent meeting with top U.S. executives, Trump mentioned in an interview with Bloomberg Businessweek that Dimon is a candidate for the position.

“I have a lot of respect for Jamie Dimon,” Trump said.

Federal Reserve Chair Jerome Powell, whom Trump previously threatened to fire, appears to have some job security. Trump stated he would allow Powell to complete his term, which ends in May 2026, if re-elected.

Trump continues to position himself as a business-friendly candidate. He told a group of more than 70 CEOs, including Apple’s Tim Cook and Bank of America’s Brian Moynihan, that he would lower the corporate tax rate to 20% if re-elected. The current rate is 21%, reduced from 35% during Trump’s first term.

Ultimately, Trump aims to lower the corporate tax rate to 15% to provide strong economic incentives.

“That was a lovefest, and I will tell you when I’m not loved because I feel that better than anybody,” Trump said about the meeting with CEOs.

In a memo to JPMorgan employees, Dimon urged Americans to stand against hate, intimidation, and violence following an assassination attempt on Trump at a Pennsylvania campaign rally.

Dimon, who has led JPMorgan for two decades, has denied aspirations of running for office despite ongoing encouragement, including from Pershing Square CEO Bill Ackman. Dimon remains committed to his current role but hasn’t ruled out public office in the future.

“I love my country, and maybe one day I’ll serve my country in one capacity or another,” Dimon told Bloomberg last year. “But I love what I do. I think JPMorgan does a great job for helping Americans and countries around the world. This is my job, and I’m quite happy doing it.”

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