Jamie Dimon denies Trump endorsement request

Jamie Dimon has denied Donald Trump's claim that the CEO of JPMorgan Chase supported him. Trump previously questioned whether Dimon might have a place in his cabinet. Dimon, meanwhile, supported Elon Musk's idea about government efficiency under a Trump administration.

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Jamie Dimon did not support Donald Trump despite what the former president wrote on social media.

The Republican presidential candidate posted a photo of Dimon on Truth Social on Friday with a caption above saying, “New: JPMorgan Chase CEO Jamie Dimon Endorsed Trump for President,” alongside an emoji red mermaid.

But a JPMorgan Chase spokesperson told Business Insider: “Jamie Dimon has not endorsed any candidate.”

It's unclear where the initial statement came from or what motivated Trump to issue it. His campaign did not immediately respond to a request for comment from Business Insider.

Dimon has stayed on the sidelines so far this election season as business leaders have weighed in on the two main contenders.

Some, like billionaire Tesla and SpaceX CEO Elon Musk, have lent their wealth and support to Trump, while others, like Mark Cuban, have backed Vice President Kamala Harris.

Trump praised and insulted Dimon during the 2024 general election.

In an interview with Bloomberg Businessweek conducted in June and published in July, the former president said he would consider Dimon for a position in his cabinet if he were re-elected next November.

“I have a lot of respect for Jamie Dimon,” Trump told the outlet, adding that “he's someone I would consider, of course,” when Bloomberg suggested the possibility of offering Dimon the role of secretary to the Treasury.

Then, a week after Bloomberg published his interview with Trump, the former president wrote on Truth Social that he had no idea who said he would consider Dimon for a role in his cabinet, adding that he had never thought or discussed Dimon for a role in his cabinet. the role of Secretary of the Treasury.

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Trump didn't always like Dimon; the former president once called him a “highly overrated globalist” while accusing Dimon of supporting his primary opponent, Nikki Haley.

Meanwhile, Dimon defended Trump supporters earlier this year and said the former president was “pretty right” about some of his policy positions.

“He's kind of right about NATO. Kind of right about immigration,” Dimon said during an interview with CNBC's “Squawk Box” in January. “He grew the economy pretty well. Tax reform worked. He was right about part of China.”

Last week, Dimon supported a government surveillance idea first floated by Musk during a livestream with Trump on X.

Dimon said in an interview with CNBC-TV18 that he liked the idea of ​​Trump forming a new government efficiency commission if he were to win the White House again in November.

“I think governments need to become more efficient and more competent,” he said. “And look, when they take money, what do they get in return. I actually think it's a really good idea.”

And in that interview, Dimon emphasized that he's not doing endorsements “at the moment.”

“I’m spending more time on politics,” he said. “What policies do we need to actually help the world both in foreign and domestic policy?”

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