Rumors swirl around Trump choosing JPMorgan CEO as Treasury Secretary


Sources close to JPMorgan Chase CEO Jamie Dimon are giving conflicting reports on rumors that President-elect Donald Trump is eyeing Dimon to be U.S. Treasury secretary, with some saying he doesn’t want to be secretary and other saying he does, an article in Reuters by David Henry and Steve Holland stated.

Here’s only part of the conflicting statements coming out as stated in the article:

JPMorgan spokespeople have declined to make any official comment about the idea of Dimon joining the Trump administration since Nov. 10, when reports first surfaced that he was a contender for Treasury secretary. Dimon declined to comment through a representative on Wednesday.

A Trump transition team source told Reuters that Dimon is “pitching hard” for the Treasury role.

However, two other sources indicated that he is not interested. One said Dimon has told colleagues since Nov. 8, when Trump won the election, that he would not take the role. The three sources spoke on the condition of anonymity.

The latest confusion stems from tweets from a Fox Business News reporter on Wednesday.

The article added that the decision will be made on either Dimon or Steve Mnuchin, who was Trump’s campaign finance manager, as Treasury secretary.

However, House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, is also reportedly being considered to serve as Secretary of the Treasury in the Trump administration.

The news surrounding Hensarling came out last Thursday courtesy of the Wall Street Journal, which reports that Trump’s transition team is “far from making final recommendations” to the President-elect about cabinet positions, but notes that Hensarling is among those being considered for the Treasury.

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