Trump says JPMorgan Chase CEO doesn't have the 'smarts' to become president

Irving Hamilton
September 15, 2018

Trump, for his part, was not amused by Dimon's claim that he could best him in a general election, writing on Twitter that the banker doesn't have the "aptitude" or "smarts" and is moreover a "nervous mess" when speaking in public.

After the event, Dimon apologized for popping off.

Mr Trump added that his economic policies such as tax cuts had helped lift shares on Wall Street, making bankers "look much smarter than they are".

Dimon took a swing at Trump at an event at his bank's NY headquarters on Wednesday.

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U.S. President Donald Trump on September 13 hit back at Jamie Dimon, chief executive of JPMorgan, for saying a day earlier that he was smarter than Trump and could beat him in a White House race. "Because I'm as tough as he is, I'm smarter than he is".

Mr Dimon, 62, has said in the past that he would not run for president and does not have the temperament for the job. "I'd fight right back". "I'm not running for president".

Dimon admitted during the discussion that he was wrong during the 2016 presidential election when he predicted a wealthy New Yorker like Trump would never win. The banking executive fully supported Trump's corporate tax cuts that passed late past year, but has expressed frustration with the White House's positions on immigration and trade. And this year, Dimon said the administration's policy of separating children from parents at the USA border with Mexico was cruel. He went to Fordham University and has an undergraduate degree from the Wharton School at University of Pennsylvania, an Ivy League school.

Dimon has an MBA from Harvard Business School.

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