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Jamie Dimon has been nominated by both parties for the position of Minister of Finance
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Jamie Dimon has been nominated by both parties for the position of Minister of Finance

As Democratic presidential candidate Kamala Harris advocates her positions with the business community, the question of who she would appoint to top positions within the Treasury Department if she were to win the election comes up frequently.

JPMorgan Chase CEO Jamie Dimon was among the names discussed within Harris’ inner circle this week at the Democratic National Convention, a person familiar with the matter told CNBC..

JPMorgan Chase has not responded to Fortune‘s request for comment on the matter.

The Wall Street veteran has been chairman and CEO of JPMorgan Chase since 2006 and has been vocal about the state of the U.S. economy. Earlier this month, he said he has a plan to reduce the nation’s $35 trillion national debt by focusing on growing the economy to improve the debt-to-GDP ratio and rebalancing the tax system for middle-income families.

“I would spend the money that made (America) a better country,” Dimon said in an interview with PBS News in August. “So some of it is infrastructure, earned income tax credits (EITC), military. I would have a competitive international tax system … and then I would maximize growth.”

In January, he also told the Bipartisan Policy Center that he would pay for the EITC by raising taxes on the wealthy, saying it would “provide much-needed revenue to the individuals and communities that need it most.”

That’s a powerful sentiment coming from one of the most powerful businessmen in the US. According to Dimon, the company is worth a whopping $2.4 billion. Forbes. In 2023, Dimon’s salary hit a record high of $36 million, which some top Democrats disagreed with. In August, Sens. Elizabeth Warren (D-MA) and Chris Van Hollen (D-MD) sent a letter to Dimon asking him to reduce his salary rather than impose new fees on his 80 million retail customers.

And surprisingly — given Dimon’s stance on taxing the rich — Republican presidential candidate Donald Trump has also said he is considering Dimon for Treasury secretary.

“He’s someone I would consider, certainly,” Trump told Bloomberg. However, the former president later denied ever mentioning Dimon’s name for Treasury secretary.

Despite the buzz about Dimon potentially joining an administration, he has tried to curb previous speculation about a White House role or taking a Treasury position, and even hinted at retiring earlier than expected. In May, he told shareholders that the plan for his retirement is “no longer five years,” and the bank is “well underway” with succession plans.

In an August op-ed by Dimon, published by The Washington Post, Dimon instructed the next president to “put together the best team,” referring to the Cabinet and the government.

“A president’s cabinet and administration must reflect the entire nation,” Dimon wrote. “Tribal politics will not produce the best talent and expertise across the political spectrum. Put the country and the Constitution first.”

Neither the Harris campaign nor the Trump campaign responded. Fortune‘s request for comment.

Jamie Dimon’s Treasury Qualifications

Dimon is undoubtedly a prodigy in the business world and was recognized as a leader early in his career.

The Harvard Business School MBA graduate began his career in 1982 as a management consultant and quickly rose to executive positions in finance. In 1986, at age 30, he was named chief financial officer of Commercial Credit and served as chief operating officer of insurance company Travelers and brokerage Smith Barney in the 1990s. In 1998, he became president of Citigroup and in 2000 was named CEO of Bank One, where he oversaw the company until its merger with JPMorgan Chase in 2004. Just two years later, he became CEO of America’s largest bank.

Dimon also has experience with the Fed, having served on the board of directors of the Federal Reserve Bank of New York in the 2010s.

Earlier this month, he downplayed how much Americans should care about the Fed’s interest rate, which currently stands at 5.25%-5.5%, the highest level in more than two decades.

“I hate to say this, but I don’t think it matters as much as other people think,” Dimon told CNBC in an interview in early August.