Jamie Dimon Rules Out Fed Chair Role, But Would Consider 'Secretary of The Treasury' If The President Asks: 'I Like Being My Own Boss' - JPMorgan Chase (NYSE:JPM)

Core Viewpoint - JPMorgan Chase & Co. CEO Jamie Dimon has ruled out any possibility of leading the Federal Reserve but is open to considering the role of Secretary of the Treasury if approached by the President [1][2]. Group 1: Dimon's Position on Federal Reserve and Treasury - Dimon stated there is "positively no chance" he would serve as Chairman of the Federal Reserve, even if asked by a U.S. President [2]. - He expressed willingness to consider the Secretary of the Treasury position, emphasizing the importance of the nature and structure of the role in his decision-making process [3]. - Dimon enjoys his current role at JPMorgan, having been his own boss for approximately 25 years, indicating a preference for his existing position [3]. Group 2: Political Context and Speculation - During an APEC meeting, Dimon addressed rumors regarding a potential Cabinet position, noting that President Trump had praised him but indicated he would not be chosen as Treasury Secretary [4]. - Reports suggest that President Trump has already made a decision regarding the next Federal Reserve chair, with the announcement expected soon [4][7]. - Prediction markets indicate that Kevin Hassett and Kevin Warsh are frontrunners for the Federal Reserve chair position, with odds of 36% and 44%, respectively [5].