Renowned hedge fund manager Bill Ackman has once again voiced his support for Jamie Dimon, CEO of JPMorgan Chase & Co JPM, to run for president in 2024. Ackman took to Twitter to express his opinion, sharing a clip from Dimon’s recent interview with the Economist.
Ackman tweeted, “Compare Jamie Dimon with @POTUS and any of the other candidates for president. None have his command of geopolitics, the global economy, and more. He should be our next president.”
What Happened: The video clip from The Economist focused on America’s current position in the world.
The Economist asked what he thought about global concerns over the growing isolationist wing within the Republican Party and the potential impact on American global leadership.
“It’s not at all clear what a future President Donald Trump might do in terms of American leadership. If you’re outside America … we’re worried about this,” The Economist’s editor-in-chief Zanny Beddoes said.
“I would worry about another Trump presidency, by the way,” said Dimon. “But I think there’s always been an isolation element. It took a lot to get us into World War I and World War II, but I think if you go to Washington D.C. when it comes to Ukraine, it’s been pretty tight. Republicans and Democrats … when it was needed it was there.” Dimon replied.
He also highlighted the risks of America’s isolation, pointing to the growing influence of “autocratic nations” like China in various regions. He stressed that America’s absence in areas such as Latin America and Africa would be a “huge mistake,” as it could lead to rivals gaining an upper hand in security, economics, and development finance.
Dimon, in other parts of the interview, also expressed greater worry over global threats such as nuclear blackmail and disruptions to key supply chains.
Why It Matters: Ackman has persistently urged Dimon to run for president in the upcoming U.S. elections. However, the CEO of the largest bank in the U.S. and the third largest in the world, has dismissed speculation about running for office.
Dimon in an earlier interview with Bloomberg TV said, “I love my country, and maybe one day I’ll serve my country in one capacity or another.”
His comments drew speculation from Ackman, who said “… Clearly he is thinking about running. I can’t imagine a better time for him to do so.”
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