Sunday, October 06, 2024
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Jamie Dimon, CEO of JPMorgan Chase and one of the most powerful figures on Wall Street, emphatically denies ever backing Trump.
In a new twist in the political drama swirling around former President Donald Trump, JPMorgan Chase CEO Jamie Dimon has strongly denied claims that he endorsed Trump for the 2024 presidential race. The billionaire banking titan made it clear in a sharp rebuke that no such endorsement was ever given, leaving many scratching their heads over Trump’s latest assertion.
The controversy started when Trump, known for his larger-than-life persona and occasional bending of the truth, stated at a rally that “even Jamie Dimon thinks I’m the best man for the job.” The comment, however, didn’t sit well with Dimon, who swiftly addressed the issue.
In a statement, Dimon emphasized, “I never endorsed any political candidate, let alone Donald Trump.” He went on to explain that while he has voiced his opinions on economic policies and leadership in the past, he has always stayed out of directly supporting presidential candidates. “My focus has always been on what’s best for the country’s economy and the role of businesses in society,” Dimon added.
This public disavowal has thrown more fuel onto the fiery relationship between corporate leaders and the political elite. Dimon, who has had an often complicated relationship with both Republican and Democratic administrations, has made no secret of his disagreements with Trump’s policies in the past. However, the JPMorgan CEO has typically kept his personal political beliefs private—until now.
Trump, unsurprisingly, has not backed down. Following Dimon’s statement, he doubled down in an online post, insinuating that many corporate leaders were afraid of openly supporting him due to “woke culture.” He claimed Dimon was “probably pressured by his board” to distance himself from the endorsement.
While Trump’s loyal base is unlikely to question their leader’s claims, this public spat has left many observers wondering why Trump would fabricate such a high-profile endorsement—and what it might mean for his ongoing 2024 campaign.
As the 2024 presidential race heats up, one thing is clear: Trump isn’t afraid to stir the pot, even if it means crossing paths with one of the most powerful men on Wall Street. But whether the former president’s claims hold any water—or if more public figures will follow Dimon’s lead in shutting down false endorsements—remains to be seen.
For now, Dimon has made his stance crystal clear: when it comes to Trump, he’s not on board.
Finance
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