JPM - Trump Eyes Jamie Dimon For Treasury Secretary Rules Out Ousting Fed Chair Jerome Powell | Benzinga
In a recent development, former President Donald Trump has expressed his consideration of JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon for the Treasury Secretary position if he emerges victorious in the forthcoming November 5 election. Furthermore, Trump has assured that he will not seek to displace Federal Reserve Chair Jerome Powell before the end of his term.
What Happened: Trump disclosed his potential plans during a late June interview with Bloomberg. JPMorgan has chosen to remain silent on Trump’s comments. Powell, whose term as Federal Reserve Chair is set to end in 2026, announced on Monday that he has no intentions of stepping down early, reported Reuters.
Trump, the original appointer of Powell as the central bank leader, later voiced criticism over ...