Trump Mulls Jamie Dimon for Treasury After CEO Meeting
Submitted by MAGA
Posted 52 days ago
Breaking News: Donald Trump Considers Jamie Dimon for Treasury Secretary After "Lovefest" CEO Meeting
Former President Donald Trump is reportedly considering JPMorgan Chase CEO Jamie Dimon for the position of Treasury Secretary, according to a recent interview with Bloomberg Businessweek. The potential appointment comes after a meeting with top U.S. executives last month, during which Trump expressed his admiration for Dimon.
"I have a lot of respect for Jamie Dimon," Trump said in the interview.
Trump's consideration of Dimon for the Treasury position is just one of several indications that the former president is positioning himself as a business-friendly candidate. Trump has also expressed his intention to lower the corporate tax rate to 20% if re-elected, and has promised to allow Federal Reserve Chair Jerome Powell to complete his four-year term as chair.
Dimon, who has helmed the nation's biggest bank for two decades, has repeatedly denied having aspirations to run for office. However, he has not entirely ruled out holding public office down the line.
"I love my country, and maybe one day I’ll serve my country in one capacity or another," Dimon told Bloomberg last year. "But I love what I do. I think JPMorgan do a great job for helping Americans, for helping countries around the world. And this is my job. This is what I’m gonna do, and I’m quite happy doing it."
The potential appointment of Dimon as Treasury Secretary is just one of several recent developments in the world of business and politics. In other news, global chip stocks fell sharply on Wednesday amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.
ASML's Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. Arm, AMD, Marvell, Qualcomm and Broadcom were down more than 5% as of 11 a.m. ET.
The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.
Washington's foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies.
The potential appointment of Dimon as Treasury Secretary is sure to be a topic of discussion in the coming days, as Trump continues to position himself as a business-friendly candidate. With the 2024 election just around the corner, all eyes will be on the former president and his potential cabinet picks.
Sources:
qz.com
axios.com
cnbc.com
Former President Donald Trump is reportedly considering JPMorgan Chase CEO Jamie Dimon for the position of Treasury Secretary, according to a recent interview with Bloomberg Businessweek. The potential appointment comes after a meeting with top U.S. executives last month, during which Trump expressed his admiration for Dimon.
"I have a lot of respect for Jamie Dimon," Trump said in the interview.
Trump's consideration of Dimon for the Treasury position is just one of several indications that the former president is positioning himself as a business-friendly candidate. Trump has also expressed his intention to lower the corporate tax rate to 20% if re-elected, and has promised to allow Federal Reserve Chair Jerome Powell to complete his four-year term as chair.
Dimon, who has helmed the nation's biggest bank for two decades, has repeatedly denied having aspirations to run for office. However, he has not entirely ruled out holding public office down the line.
"I love my country, and maybe one day I’ll serve my country in one capacity or another," Dimon told Bloomberg last year. "But I love what I do. I think JPMorgan do a great job for helping Americans, for helping countries around the world. And this is my job. This is what I’m gonna do, and I’m quite happy doing it."
The potential appointment of Dimon as Treasury Secretary is just one of several recent developments in the world of business and politics. In other news, global chip stocks fell sharply on Wednesday amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump.
ASML's Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. Arm, AMD, Marvell, Qualcomm and Broadcom were down more than 5% as of 11 a.m. ET.
The moves came after Bloomberg on Wednesday reported that the Biden administration is considering a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.
Washington's foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies.
The potential appointment of Dimon as Treasury Secretary is sure to be a topic of discussion in the coming days, as Trump continues to position himself as a business-friendly candidate. With the 2024 election just around the corner, all eyes will be on the former president and his potential cabinet picks.
Sources:
qz.com
axios.com
cnbc.com
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