Donald Trump is considering JPMorgan Chase chief Jamie Dimon for the role of Treasury Secretary if he wins the presidential election. In a recent interview with Bloomberg Businessweek, Trump expressed his respect for Dimon and mentioned he would consider him for the cabinet position.
Trump also indicated that Federal Reserve Chair Jerome Powell, who faced potential dismissal during Trump’s first term, would be allowed to complete his current term, ending in May 2026, if Trump returns to office.
Reaffirming his pro-business stance, Trump promised to lower the corporate tax rate to 20% if re-elected, a reduction from the current 21%, which he had previously cut from 35%. He also hinted at a future goal of reducing the rate to 15%, aiming to provide strong business incentives. Trump’s plan resonated well with more than 70 CEOs, including Apple’s Tim Cook, Citigroup’s Jane Fraser, Bank of America’s Brian Moynihan, and Wells Fargo’s Charles Scharf.
In a memo issued to JPMorgan employees, Dimon condemned any acts of hate, intimidation, or violence undermining democracy, following an assassination attempt on Trump at a Pennsylvania campaign rally. Dimon, who has led JPMorgan for two decades, has consistently denied political ambitions but has left the door open for potential public service 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 helping Americans and countries around the world. This is my job, and I’m quite happy doing it.”