JP Morgan chief Dimon says shouldn't have made remarks about Trump

By Kitco News / September 16, 2018 / www.kitco.com / Article Link

WASHINGTON (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon on Sunday said he regretted comments that he was “smarter” than U.S. President Donald Trump and could beat him in an election.

“I shouldn’t have said it. It also proves I would not be a good politician,” Dimon said in an interview on ABC’s “This Week.”

On Wednesday, Dimon quickly backtracked after saying he could beat Trump in a campaign but not liberal Democrats.

Trump had a sharp rejoinder for Dimon on Thursday, saying the JPMorgan chief executive lacked the “smarts” to be president but was otherwise wonderful.

Dimon said he was speaking “more out of frustration and my own machismo,” and had no plans to run for president.

“I never say never to anything, but no,” Dimon said when asked if he would run for president.

The bank executive said he felt Trump’s policies were helping the economy.

“He should take some credit,” Dimon said, for regulatory and tax changes. “That has helped the economy. It is impossible to tease out how much.”

Reporting by Howard Schneider; Editing by Nick Zieminski

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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