JPMorgan Chase & Co.’s Jamie Dimon picked a fight with President Donald Trump — and immediately regretted it.
“I think I could beat Trump” in an election, the Wall Street executive said at an event Wednesday morning that was supposed to celebrate his firm’s philanthropy. “I’m as tough as he is, I’m smarter than he is.”
By noon, the bank sent out a statement from its chairman and chief executive officer backtracking completely: “I should not have said it. I’m not running for president. Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”
Dimon is renowned for speaking bluntly, but he vacillates on Trump.
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After the inauguration, he said Trump had reawakened “animal spirits” in the U.S. Dimon has also praised the president’s softer regulation and a tax policy that’s generous to rich companies and people.
Dimon was a member of the president’s strategy and policy forum — a council of U.S. business leaders — but it disbanded last year in the backlash to Trump’s response to a white-supremacist rally in Charlottesville. And this year, Dimon said the administration’s policy of separating children from parents at the U.S. border with Mexico was cruel.