Dimon: Becoming Federal Reserve Chair is "absolutely, 100%, and absolutely impossible."
in the corridor from Wall Street to Washington, speculation about Jamie Dimon becoming Treasury Secretary or even running for president has been mentioned repeatedly over the years. However, the long-time CEO of JPMorgan Chase has drawn a clear line regarding the possibility of "Dimon becoming Federal Reserve Chairman."
"The position of Federal Reserve Chairman, I categorize it as 'absolutely, one hundred percent, no way, no chance, for any reason,'" Dimon said on Thursday in response to whether he would consider the position at an event hosted by the U.S. Chamber of Commerce. As for leading the U.S. Treasury, he said: "I would take that call." (implying an open attitude toward the position)
Dimon's remarks came after he publicly clashed earlier this week with U.S. President Trump over the government's recent criticisms of the Federal Reserve. The CEO said on Tuesday that weakening the Fed's independence "is not a good idea" and could lead to higher inflation and interest rates in the long run.
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