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WASHINGTON, DC - SEPTEMBER 20: Jamie Dimon speaks on stage during "The State of the Global Economy" panel for The Atlantic Festival 2024 on September 20, 2024 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for The Atlantic)

NEWS HEADLINES: Donald Trump Has Been Secretly Discussing WH Agenda With JPMorgan CEO Jamie Dimon For Months โ€“ One America News Network

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Jamie Dimon speaks on stage during โ€œThe State of the Global Economyโ€ panel for The Atlantic Festival 2024 on September 20, 2024 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for The Atlantic)

OAN Staffย James Meyers
11:00 AM โ€“ Friday, November 29, 2024

Multiple reports have revealed that JPMorgan Chase CEO Jamie Dimon has been communicating with President-elect Donald Trump in recent months through secret back channels, helping Trump with advice on his policy-agenda.ย 

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One GOP insider said the President-electโ€™s inner circle held a series of โ€œno-holds-barred conversationsโ€ with Dimon, who at the time was rumored to be eyeing a government job himself.

โ€œThey have been speaking regularly for months,โ€ said another GOP source briefed on the situation.

Three sources close to the 47th president said the secret back channel focused on plans for cutting taxes, government spending, banking regulation and trade.ย 

A company insider added that Trumpโ€™s top aides set up the calls, which continued after winning the election, to โ€œcreate a bit of daylightโ€ between the two men and stop details of the exchanges being leaked.ย 

The relationship between the two has flourished despite Dimonโ€™s tendencies when it comes to politics. Trump had put out the idea of Dimon becoming a possible treasury secretary pick in June and later on claimed that he had won his White House endorsement, but Dimon did not make any public statement regarding that.ย 

Trump and Dimon also have continued to talk despite bouts of tension, including on November 14th when the President-elect declared on Truth Social that Dimon โ€will not be invitedโ€ to join his Cabinet. The banker promptly shot back: โ€œI havenโ€™t had a boss in 25 years and Iโ€™m not about ready to start.โ€

This also comes after the JPMorgan CEO, a registered Democrat who declined to back either candidate in the White House race, had reportedly thought about joining a potential Kamala Harris administration but then ruled himself out after her poll numbers crashed.ย 

Another source close to Trump claimed that the President-elect said he โ€œgreatly appreciatedโ€ it when Dimon, told CNBC in January the winner of the presidency was โ€œkind of rightโ€ to criticize illegal immigration and weak defense spending by Americaโ€™s NATO allies.

As a result, Dimonโ€™s comments angered Democrats within the Biden administration who then blacklisted Dimon from the White House.

Two weeks ago, the JPMorgan boss said Trumpโ€™s threat of tariffs on Americaโ€™s trading partners โ€œwill bring people to the tableโ€ if โ€œdone wisely.โ€

Dimon has also been known as a vocal critic of current U.S. banking rules.ย 

โ€œItโ€™s time to fight backโ€ฆIโ€™ve had it with this sโ€“t,โ€ Dimon told a stunned audience at a recent conference in New York.

โ€œThings are becoming unfair and unjust, and they are hurting companies, a lot of these rules are hurting lower-paid individuals,โ€ Dimon said on October 28th.

Additionally, Dimon urged the U.S. government in his annual letter to shareholders last May to deliver โ€œeffective policy-makingโ€ issuing a warning that โ€œa politicianโ€™s dream is a businessmanโ€™s nightmare.โ€

Wells Fargo analyst Mike Mayo stated that Trumpโ€™s upcoming term as president will give โ€œthe biggest inflection point for banking regulation in three decades.โ€

โ€œThis is Jamieโ€™s vindication,โ€ Mayo told the New York Post. โ€œHe is looking at all the bureaucracy and red tape and saying enough of the regulatory theater. Itโ€™s like banking with one hand tied behind your back.โ€

He added that Trump potentially hindering strict banking rules โ€œshould mean borrowers get better rates for their loans and better services for customers.โ€

The top analyst said: โ€œIt would be foolhardy for any administration not to hear Jamie Dimon out. Everyone should at least be consulting him for ideas.โ€

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