As Donald Trump begins filling seats in his administration, the president-elect announced that Jamie Dimon would not be joining his future Cabinet. “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration,” Trump wrote in a social media post Thursday. Despite Dimon never endorsing Trump and claiming the chances of him joining a Trump administration were “almost nil,” the JPMorgan Chase CEO was speculated as a potential pick for Secretary of the Treasury prior to the election. The president-elect’s announcement, however, confirmed a report from Reuters last week in which a source said Dimon would remain at the bank, which he has run for nearly two decades. With the billionaire banker out of the running, sources claim that billionaire banker Howard Lutnick and investor Scott Bessent are the current top contenders for the Cabinet role.
