'I Haven't Had A Boss For 25 Years, I'm Not About Ready To Start' – JPMorgan CEO Jamie Dimon Uninterested In Treasury Secretary Position

Jamie Dimon, Chairman and CEO of JPMorgan Chase, has recently made headlines with his candid response to speculation about joining the federal government. While speaking at the APEC CEO Summit in Peru, Dimon addressed comments from President-elect Donald Trump, who said that while he respected Dimon, Dimon would not be in the Treasury Secretary role in the incoming administration.

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Dimon responded to the remarks, saying, "First of all, I wish the president well and thank you – that’s a very nice note. But I just want to tell the president also, I haven’t had a boss in 25 years. I’m not about ready to start."

Despite his disinterest in joining the Trump administration, Dimon offered insights into U.S. markets’ direction and global economic policy. He acknowledged that the market response to Trump's election indicated a positive outlook, with investors hopeful about potential growth opportunities, including deregulation and tax reforms. 

Dimon emphasized that the U.S. needs a long-term growth strategy to foster a stronger economy. "I think collaboration between government and business is the way to have growth," Dimon stated. He also supported a deregulatory environment, clarifying that this does not mean eliminating regulations entirely. 

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Instead, Dimon said that many regulations, particularly in countries like the U.S. and Peru (where he was speaking), have stifled growth. He suggested that inefficient regulatory environments are a major cause of this. 

One area Dimon touched on in particular was the permitting process. He noted that inefficient government processes, including permit delays, can harm economic expansion. "I applaud any government that says I’m going to make government more efficient," Dimon remarked, stressing that improving the efficiency of government operations was essential for reducing frustrations that could fuel populism.

His leadership in the financial industry has defined Dimon's career. In 2000, he joined Bank One as its Chairman and CEO. When JPMorgan Chase merged with Bank One Corporation in 2004, Dimon was named President and COO of the newly merged organization. In 2006, Dimon became CEO of JPMorgan Chase, adding Chairman of the Board to his extensive resume only a year later. 

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Dimon's career spans decades, with earlier roles at American Express, Citigroup and Travelers group, where he was known for driving significant acquisitions and navigating complex corporate environments.

As one of the most influential figures in global finance, Dimon's insights into the future of economic policy will likely continue to shape discussions on financial regulation, government efficiency and the path forward for American business. For now, however, Dimon seems content to focus on his role at JPMorgan, where he has thrived without needing a boss for over two decades.

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