In a recent report, FOX Business correspondent Charlie Gasparino revealed that President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon have been engaged in secret discussions for months regarding Trump’s policy agenda for a potential second term. According to sources close to Trump’s transition team, Dimon has served as a key “sounding board” for Trump, advising on critical issues such as reducing government spending, tax policy, trade, and banking regulations. One source even described Trump’s admiration for Dimon as a “man crush,” further underlining the close rapport between the two.
Despite these ongoing discussions, neither JPMorgan Chase nor the Trump transition team has responded to requests for comment regarding the talks. The revelation comes just two weeks after Trump publicly announced that Dimon, who runs the largest bank in the U.S., would not be joining his upcoming administration, effectively putting an end to speculation that Dimon might be nominated for the role of Treasury secretary.
In a post on his Truth Social platform, Trump acknowledged Dimon’s contributions but made it clear that he would not be part 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,” Trump wrote. “I thank Jamie for his outstanding service to our country!”
This announcement followed Trump’s naming of Key Square founder Scott Bessent as his pick for Treasury secretary. Despite their reported private discussions, Trump has been openly critical of Dimon in the past, including calling him a “Highly overrated Globalist” on Truth Social. Earlier this year, Trump had floated the idea of considering Dimon for Treasury secretary in a second term but later walked back those comments.
Dimon, for his part, has had a complicated relationship with Trump. Although he condemned the January 6th Capitol attack, he has also praised some of Trump’s positions and policies. Dimon acknowledged that Trump had been “kind of right” about NATO, immigration, and China, and praised his economic policies, including trade tax reforms. Dimon’s candid and balanced remarks appear to have resonated with Trump, who reportedly “greatly appreciated” Dimon’s honest assessment.
While Dimon did not endorse any candidate in this year’s presidential election, his ongoing influence and his role as an advisor to Trump indicate the complex, evolving relationship between the business world and politics. The continued private conversations between Dimon and Trump suggest that, even without a formal position in the administration, Dimon may remain a significant figure in shaping future policy discussions under a second Trump term.
