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Jamie Dimon's name keeps being floated for a spot in the White House — by both parties

Aug 22, 2024, 08:05 IST
Business Insider
JPMorgan Chase Jamie Dimon has been considered for the Treasury Secretary role by Donald Trump and people close to Kamala Harris.Alex Brandon/AP
  • JPMorgan CEO Jamie Dimon's name keeps being floated for a spot in the White House Cabinet, according to reports.
  • Per reports, Donald Trump and Kamala Harris' circle have discussed his name for the Treasury Secretary position.
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JPMorgan Chase CEO Jamie Dimon's name has been floated for a Cabinet role in the White House by former President Donald Trump — and now, according to a report, folks in Vice President Kamala Harris' orbit.

In June, Donald Trump told Bloomberg in an interview that he would consider Dimon for a potential role as Treasury Secretary.

"He is somebody that I would consider, sure," Trump told Bloomberg. The former president later denied that he ever floated Dimon's name.

Dimon also appears to be an option for Harris' cabinet.

A source familiar with the matter told CNBC that among names floated, Harris' orbit has mentioned Dimon for the same role in conversations that took place during the Democratic National Convention this week in Chicago.

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A spokesperson for the Harris campaign and a spokesperson for JPMorgan did not respond to a request for comment.

Dimon has previously tried to tame speculation about a potential White House role amid discussions around his retirement and an August op-ed in The Washington Post in which he called for unity but stopped short of endorsing a 2024 candidate.

When the CEO was asked in August if he would take up the Treasury Secretary role during an interview on CNBC's "The Exchange," Dimon avoided giving a direct answer but seemed to suggest that he was focused on his current role at JPMorgan.

"I am very happy with what I'm doing," he said in the interview. "I say it over and over, but I'm very happy with what I'm doing."

CNBC's Leslie Picker followed up: "So that would be a no to President Trump if you were called — "

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"I'm very happy with what I'm doing," Dimon interrupted.

Dimon also has hinted at an impending retirement.

For years, Dimon has teased that he would retire in the next five years, but the CEO said in May at an annual investor meeting that the timeline was "not five years anymore" and that a plan to announce a successor was "well on its way."

"Well, eventually, I have to leave," Dimon told CNBC, adding: "But even if I'm done as CEO, I might be chairman for a year or two. It's totally up to the board at that point. So I have a while to go before I'm out of the company."

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