by David Scheer
After months of speaking to each other through TV hits and social media posts, Jamie Dimon and Donald Trump are catching up in person.
Direct talks between US banking’s elder statesman and the nation’s president resumed in June after years of mixed public remarks between them, according to people with direct knowledge of the matter.
During a visit to the White House last week, the chief executive officer of JPMorgan Chase & Co. met Trump in the Oval Office and discussed topics including the economy and regulation, the people said, asking not to be named describing the private meeting.
Trump — who on the campaign trail called the banker a “highly overrated globalist” — picked Dimon’s brain on the prospect of lowering interest rates, the people said. They also touched on the administration’s push to impose tariffs. Dimon — who early this year said Trump was “kind of right” on some issues — congratulated the president on a trade deal with Japan.
Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick were present. The Wall Street Journal reported the conversations earlier Wednesday. Representatives for the bank and White House had no comment or didn’t respond to messages after hours.
The face-to-face meeting — their second in just two months — adds to the twists and turns of their relationship over the past decade.
While Dimon, 69, has long held that it’s his patriotic duty to work constructively with any US administration, he provided advice and then backed away from Trump, 79, during the president’s first term.
The president’s proclamations about Dimon have been even more mercurial. Since the start of the 2024 election cycle alone, Trump has claimed he has “never been a big Jamie Dimon fan,” said he has “a lot of respect for Jamie Dimon,” affirmed the possibility of naming the banker to run the Treasury Department, and disparaged it.
Both have tempered their public remarks about each other this year. After Dimon warned on television in April that markets were then on edge over Trump’s “Liberation Day” tariffs, Trump initially seemed to brush it off on Truth Social, posting a quote from Dimon that made it look like he was endorsing the policies.
But after pausing tariffs, the president praised the banker as “a financial genius.”
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