JPMorgan CEO Jamie Dimon’s icy relationship with – Business News
JPMorgan CEO Jamie Dimon reportedly visited the White House twice previously two months to carry his first direct talks with President Trump in years — confirming an unique by The Post that their years-long icy relationship has thawed.
Dimon, who has led America’s largest bank for almost 20 years, met with Trump final week within the Oval Office to speak concerning the economic system, commerce and financial guidelines, the Wall Street Journal reported, citing people acquainted with the matter.
The sources informed the Journal that Dimon, 69, praised Trump’s latest commerce deal with Japan and how rates of interest might drop if the economic system continues to grow.
The WSJ reported that Dimon, 69, held two conferences on the White House over the previous two months, citing people briefed on the matter. POOL/AFP by way of Getty Images
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick had been additionally readily available, in line with the Journal, which has the identical guardian company, News Corp., as The Post.
Dimon had a separate assembly with the commander-in-chief and Vice President JD Vance in June, the Journal reported.
The Post reached out to JPMorgan for remark. The White House declined to remark.
The warming relations come on the heels of The Post revealing final November that members of Trump’s internal circle had been utilizing Dimon as “a sounding board” for financial insurance policies shortly after his election victory.
Dimon final met with Trump on the White House during his first time period in workplace, however later hit out at his refusal to concede the 2020 election. REUTERS
The animosity between Trump and Dimon, each natives of Queens, reared up when the banker referred to as president’s refusal to simply accept that he misplaced the 2020 election “treasonous.”
But the detente has seemingly been within the making for months.
During the World Economic Forum in Davos, Switzerland, in January, Dimon chastised critics of Trump’s hefty proposed tariffs on China, Mexico and Canada, telling them to “get over it.”
“I would put in perspective: If it’s a little inflationary, but it’s good for national security, so be it.”
Dimon, who has long been rumored to have political ambitions of his own, has at all times stated that he would work with leaders from each events when it was within the nation’s curiosity to take action.
President Trump appeared alongside Fed Chair Jerome Powell as he toured the controversial $2.5 billion renovations of the bank’s downtown DC headquarters. REUTERS
In latest months, he has weighed in on a big selection of topics in interviews, together with protection spending, the struggle in Ukraine, woke hiring practices, and the Democrats’ botched handling of immigration throughout the US southern border.
Dimon’s evaluation that Trump was “kind of right” on the difficulty of unlawful migrants angered the Biden administration, which then blacklisted the banking titan from the White House.
He has additionally irritated Trump by staunchly backing Fed Chair Jerome Powell and his refusal to slash rates of interest regardless of relentless strain from the White House.
The president again demanded a cut on Thursday after the Fed stored them unchanged.
Trump has additionally been at loggerheads with Powell following The Post’s unique report in April that the Fed could be pushing forward with a controversial $2.5 billion “Palace of Versailles” renovations of its downtown DC headquarters regardless of mounting losses.
