JPMorgan Chase & Co. CEO Jamie Dimon will not be invited as part of President Donald Trump’s administration, the president-elect said on social media Thursday.
“While I have great respect for Jamie Dimon of JPMorgan Chase & Co., he will not be invited to serve as part of the Trump administration,” Trump said in a post.
A source told Reuters last week that Mr. Dimon, who would remain at the bank and had previously been the subject of speculation as a potential Treasury secretary candidate ahead of the Nov. 5 election, had no plans to join the Trump administration. .
Republican Trump defeated Democratic Vice President Kamala Harris in the election. Mr. Dimon said last month that his chances of running for public office were “nearly zero.”
President Trump has not yet announced his choice for Treasury Secretary. The top candidates for the role are billionaire banker Howard Lutnick and investor Scott Bessent, people familiar with the matter told Reuters.
Mr. Dimon is one of the most prominent leaders in corporate America, having run JPMorgan for nearly 19 years.
Dimon and other members of the bank’s governing board congratulated Trump and other elected officials, according to a memo to staff obtained by Reuters last week.
The outspoken CEO frequently travels to Washington to meet with policymakers and express his views on everything from housing to U.S.-China relations to the economy. He continued his tradition of not endorsing presidential candidates this year.
