JPMorgan CEO Jamie Dimon's icy relationship with Trump thaws with reported visits to White House

New York Post

4 days ago

JPMorgan CEO Jamie Dimon reportedly visited the White House twice in the past two months to hold his first direct talks with President Trump in years — confirming an exclusive by The Post that their years-long icy relationship has thawed.
Dimon, who has led America's biggest bank for nearly two decades, met with Trump last week in the Oval Office to talk about the economy, trade and financial rules, the Wall Street Journal reported, citing people familiar with the matter.
The sources told the Journal that Dimon, 69, praised Trump's recent trade deal with Japan and how interest rates could drop if the economy continues to grow.
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3 The WSJ reported that Dimon, 69, held two meetings at the White House over the past two months, citing people briefed on the matter.
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Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were also on hand, according to the Journal, which has the same parent company, News Corp., as The Post.
Dimon had a separate meeting with the commander-in-chief and Vice President JD Vance in June, the Journal reported.
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The Post reached out to JPMorgan for comment. The White House declined to comment.
The warming relations come on the heels of The Post revealing last November that members of Trump's inner circle were using Dimon as 'a sounding board' for economic policies shortly after his election victory.
3 Dimon last met with Trump at the White House during his first term in office, but later hit out at his refusal to concede the 2020 election.
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The animosity between Trump and Dimon, both natives of Queens, reared up when the banker called president's refusal to accept that he lost the 2020 election 'treasonous.'
But the detente has seemingly been in the making for months.
During the World Economic Forum in Davos, Switzerland, in January, Dimon chastised critics of Trump's hefty proposed tariffs on China, Mexico and Canada, telling them to 'get over it.'
'I would put in perspective: If it's a little inflationary, but it's good for national security, so be it.'
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Dimon, who has long been rumored to have political ambitions of his own, has always said that he would work with leaders from both parties when it was in the nation's interest to do so.
3 President Trump appeared alongside Fed Chair Jerome Powell as he toured the controversial $2.5 billion renovations of the bank's downtown DC headquarters.
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In recent months, he has weighed in on a wide range of subjects in interviews, including defense spending, the war in Ukraine, woke hiring practices, and the Democrats' botched handling of immigration across the US southern border.
Dimon's assessment that Trump was 'kind of right' on the issue of illegal migrants angered the Biden administration, which then blacklisted the banking titan from the White House.
He has also irritated Trump by staunchly backing Fed Chair Jerome Powell and his refusal to slash interest rates despite relentless pressure from the White House.
The president again demanded a cut on Thursday after the Fed kept them unchanged.
Trump has also been at loggerheads with Powell following The Post's exclusive report in April that the Fed would be pushing ahead with a controversial $2.5 billion 'Palace of Versailles' renovations of its downtown DC headquarters despite mounting losses.