President-elect Donald Trump didn’t choose up the telephone when JPMorgan Chase CEO Jamie Dimon referred to as to congratulate him on his sweeping Election Day victory, in keeping with a report.
Dimon, the 68-year-old banking government who has described himself as “barely a Democrat,” was as a substitute compelled to go away a voicemail providing up his congratulations and providing to assist, the New York Occasions reported.
Final month, The Submit solely reported that Dimon has been speaking with Trump in current months by means of secret again channels.
Dimon, who like Trump hails from Queens, had been secretly serving to the president-elect flesh out a coverage agenda earlier than and since his decisive White Home victory by performing as a “sounding board” for the Republican.
“They have been speaking regularly for months,” a GOP supply briefed on the scenario advised The Submit.
Nonetheless, within the days after the election, Trump introduced on his Reality Social platform that Dimon, who has lengthy been rumored to be keen on having a authorities put up, gained’t be becoming a member of his administration.
“I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!” Trump’s Reality Social account mentioned in a Nov. 14 put up.
Regardless of the reported snub, Dimon advised Bloomberg Information final month that the finance trade was “dancing in the street” over the prospect of Trump assuming energy and slicing laws.
“A lot of bankers, they’re like dancing in the street because they’ve had successive years and years of regulations, a lot of which stymied credit,” Dimon mentioned.
Dimon has additionally been important of the Biden administration for its stringent regulatory agenda.
Trump, alternatively, is reportedly on the lookout for methods to both shrink or get rid of banking regulators altogether.
Advisers to the president-elect have been overtly elevating the potential for the incoming administration dissolving the Federal Deposit Insurance coverage Corp., in keeping with a report in Friday’s Wall Avenue Journal.
Dimon, who heads the nation’s largest lender, is a registered Democrat who declined to publicly endorse a candidate this election cycle.
However associates who had been in touch with Dimon earlier than the election mentioned that he has privately been telling individuals he hoped that Vice President Kamala Harris would win.
In September, The Submit’s Charles Gasparino reported that Dimon was “more likely to accept” working in a Harris administration.
Dimon had beforehand all however dominated himself out about leaving the Wall Avenue big for a authorities job, telling analysts that the prospect of that taking place is “almost nil.”
However he went on so as to add in his extensively learn annual letter in April: “I’ve always been an American patriot and my country is more important to me than my company.”
The Submit has sought remark from JPMorgan Chase and the Trump transition staff.
