As the U.S. presidential election approaches, JPMorgan Chase CEO Jamie Dimon has again refrained from endorsing any candidate during his recent trip to Washington, D.C.
With only 11 days until Election Day, his likelihood of public support remains low. At a conference held by the Institute of International Finance, Dimon stressed the need for political collaboration but did not comment on Vice President Kamala Harris or former President Donald Trump. While he hasn’t formally endorsed either, sources indicate he privately favors Harris.
Dimon reiterated the ineffectiveness of divisive politics, stating, “Yelling at each other doesn’t work.” Given the election’s focus on economic issues, his views are increasingly scrutinized. Both campaigns have declined to comment on his potential endorsement.
Dimon has a complex history with Trump, previously criticizing him after January 6 but also acknowledging some of his economic viewpoints.
Dimon’s future plans include a possible retirement sooner than expected, leading to speculation about a role in a future administration, potentially as Treasury Secretary under Harris. He has expressed interest in public service but insists he wouldn’t accept a position unless he could operate without interference.
Prominent figures like Mark Cuban have advocated for his capabilities in a governmental role, suggesting that his extensive experience could be invaluable, regardless of the election’s outcome.
The U.S. economy may be closer to a downturn than many realize, according to Jay Bryson, chief economist at Wells Fargo.
Morgan Stanley has issued a cautionary outlook on the U.S. dollar, predicting a major decline over the coming year as Federal Reserve rate cuts take hold.
Legendary investor Ray Dalio has issued a stark warning about the trajectory of U.S. government finances, suggesting the country is drifting toward a series of severe economic shocks unless its debt spiral is urgently addressed.
Steve Eisman, the famed investor known for forecasting the 2008 housing collapse, is sounding the alarm—not on overvalued tech stocks or interest rates, but on the escalating risk of global trade disputes.