Published: Sun, September 16, 2018
Finance | By Loren Pratt

While waiting for Hurricane Florence, Donald Trump mocks Jamie Dimon

While waiting for Hurricane Florence, Donald Trump mocks Jamie Dimon

Dimon nearly immediately realized that he was in the wrong realm and his company issued a statement retracting his comments.

Dimon said yesterday that he is smarter and as tough as Trump, as well as being self-made rather than having inherited wealth.

Trump appeared to be responding to Dimon's remarks first reported by CNBC on Wednesday, in which he told reporters at JPMorgan headquarters in NY that "I think I could beat Trump".

While Jamie Dimon is known for being full of bravado and has already withdrawn some of his claims before, he is highly suspicious of trying to run for president, some people believe.

Mr Trump tweeted: "I've made a lot of bankers, and others, look much smarter than they are with my great economic policy!" I would be fine.

An hour later, Dimon backtracked.

The Republican president, known for his acerbic insults on Twitter, was hitting back at Dimon for saying on Wednesday that he was smarter than Trump and could beat him in a White House race. He could punch me all he wants. "I get frustrated because I want all sides to come together to help solve big problems", Dimon said in a statement. He added that a banker is unlikely defeat a liberal candidate from the Democratic Party. "I'd fight right back". "I'm not running for president". 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.

"You can't take yourself off the playing field", Dimon said. He said in January he expects to be chief executive officer of JPMorgan Chase & Co (JPM.N) for about five years.

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