President-elect Donald Trump has reportedly been communicating with JPMorgan Chase CEO Jamie Dimon through secret back channels on economic policy ideas.
The New York Post reported Friday that Dimon has been acting as a ‘sounding board’ for the incoming commander-in-chief, sources close to the transition team told the paper.
One Republican insider said the president’s inner circle has held ‘no-holds-barred conversations’ with Dimon.
‘They have been speaking regularly for months,’ another GOP source said.
The report comes after Trump publicly said that Dimon would not be joining his Cabinet.
‘I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!’ Trump wrote on Truth Social earlier this month.
The message came after Reuters reported the day after the presidential election that Dimon had no plans to join the Trump White House 2.0.
‘I haven’t had a boss in 25 years and I’m not about ready to start,’ Dimon shot back after Trump’s public pronouncement.
Dimon, a registered Democrat, didn’t endorse Trump ahead of the election, though The New York Times reported in late October that he was quietly supporting Harris.
His wife Judy went a step further and knocked doors for Harris in the swing state of Michigan the weekend before voters headed to the polls.
Judy Dimon donated nearly $200,000 to the Democratic National Committee and gave the Harris campaign $3,300 – the max individual donation allowed to be donated to a candidate’s committee per election cycle, according to Open Secrets.
She gave the same amount to Michigan’s Democratic Senate hopeful, Rep. Elissa Slotkin, who was successful in her bid.
Jamie Dimon’s net worth is estimated to be around 2.5 billion – and he’s credited with helping JPMorgan Chase CEO navigate the 2008 financial crash, running the bank for nearly 19 years.
He chose to not publicly support a candidate this cycle because he feared Trump might retaliate should he endorse.
At one point Trump suggested that Dimon was actually supporting his presidential bid.
The Post reported that the two have discussed plans for cutting government spending, banking regulation, taxes, as well as trade policy.
