Published: Fri, September 14, 2018
Economy | By

Trump is half right about Jamie Dimon

Trump is half right about Jamie Dimon

President Trump criticized James Dimon on Thursday as a "poor public speaker" and "nervous mess", a day after the JPMorgan Chase & Co. chief executive said he could prevail over Mr. Trump in a presidential campaign.

JPMorgan CEO and noted bitcoin basher Jamie Dimon says he's not running for president, but he wants everyone to know that, if he did, he could defeat incumbent President Donald Trump. "I've made a lot of bankers, and others, look much smarter than they are with my great economic policy!"

Mr. Trump's assertion comes after Dimon remarked on Wednesday that he could beat President Trump in a presidential election, before backpedaling as his comments drew media attention.

But the JPMorgan executive later issued a statement saying that he isn't running for president. "He could punch me all he wants, it wouldn't work with me".

Dimon also suggested that his wealth was earned and not given to him by his father - another jab at Trump, whose father, Fred, gave him $1m in financing, millions drawn against his future inheritance and a share of his real estate holdings.

"As tough as [Trump] is, I'm smarter than he is", Dimon said. "It wasn't a gift from Daddy", meaning Trump. Other than that, Trump said, Dimon is "wonderful". Proves I wouldn't make a good politician.

Dimon was a member of the president's strategy and policy forum - a council of USA business leaders - which disbanded a year ago in the backlash to Trump's response to a white-supremacist rally in Charlottesville.

Dimon has been CEO of JPMorgan, the biggest US bank, since 2005.

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