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Jamie Dimon, CEO of JPMorgan Chase, was not shocked by the result of the November elections. In fact, after speaking to voters across the country, he saw it coming.
While President-elect Donald Trump’s victory in the battle for the White House may have surprised some, it was no surprise to Wall Street’s white knight, Jamie Dimon.
The CEO of JPMorgan Chase said the November election result was the culmination of the feedback he received. heard across the country, with voters tired of being “lectured” by the current administration.
In an interview with CBS Sunday morning Released this weekend, Dimon was asked if he was surprised that Trump won the election, to which he replied “no.”
“People were angry at…what do you call it?…the state, the swamp…ineffective government,” Dimon said.
“People wanted policies that were more pro-growth and pro-business; they didn’t want to be continuously lectured on social policies,” he added. “I think it’s the lecture aspect, the social superiority, it’s the ‘My way or the highway’.
“I traveled across the country. I felt it everywhere I went.”
Dimon, 68, is not one to mince words or keep his concerns or political advice to himself.
Despite his wife, Judy, knocking on doors for Vice President Kamala Harris’ campaign, Dimon has criticized both Democrats and Republicans..
The man who runs America’s largest bank once described himself as “barely a Democrat,” but in the last election cycle he refused to be drawn on which side of the ballot he voted for.
JPMorgan has also continually denied reports of Dimon’s support for either candidate and denied rumors that its CEO had been tapped for a key role in either potential administration.
Although Dimon doesn’t quite sing the same song as DOGE boss and Tesla CEO Elon Musk, he added that the government must “demonstrate competence.”
“I think every ministry should report to you and say, ‘Dear taxpayer, you gave me $50 billion, I told you I was going to do X. Here’s what I did; here’s the results .’
“I just think we’ve lost our way,” the Harvard Business School alumnus added. “My view — I spend a lot of time in (Washington) D.C. — is just roll up your sleeves and get involved in the fight.”
It’s clear the Dimon family has heated political debates, with the billionaire banker saying he thinks Trump has been right “in general” on immigration issues.