Donald Trump Has Been Secretly Discussing WH Agenda With JPMorgan CEO Jamie Dimon For Months

Reports show that JPMorgan Chase CEO Jamie Dimon has been talking secretly with President-elect Donald Trump for months, giving advice on Trump’s policies.

A Republican insider said Trump’s team had intense discussions with Dimon, who was rumored to be considering a government job.

“They’ve been talking regularly for months,” said another source familiar with the situation.

Three sources close to Trump said these private talks focused on cutting taxes, reducing government spending, changing banking rules, and trade policies.

A JPMorgan insider mentioned that Trump’s aides arranged the calls to keep the conversations private and avoid leaks.

Despite political differences, Trump and Dimon have maintained a strong relationship. In June, Trump suggested Dimon as a possible treasury secretary, claiming Dimon supported him, though Dimon never said this publicly. They’ve had disagreements too, such as when Trump announced on November 14th that Dimon wouldn’t join his Cabinet. Dimon responded by saying he hadn’t worked for a boss in 25 years and wasn’t planning to start.

Dimon, a Democrat who didn’t support any presidential candidate, reportedly considered joining Kamala Harris’s administration but decided against it when her popularity dropped.

Another source said Trump appreciated when Dimon told CNBC that Trump was “kind of right” about issues like illegal immigration and low defense spending by NATO allies. These comments upset Democrats in the Biden administration, who then excluded Dimon from the White House.

Two weeks ago, Dimon supported Trump’s tariff threats, saying they could lead to better trade deals if handled wisely. Dimon has also criticized current U.S. banking rules, calling them unfair and harmful to businesses and low-income workers.

At a New York conference, Dimon expressed frustration with the rules, saying, “I’ve had enough of this.” In his annual letter to shareholders, he urged the government to make better policies, warning that bad regulations hurt businesses.

Wells Fargo analyst Mike Mayo said Trump’s presidency could bring the biggest changes to banking rules in 30 years. “This is Jamie’s moment,” Mayo said, adding that fewer banking restrictions could mean better loan rates and services for customers. He also said any administration would be wise to seek Dimon’s advice.