Trump Considers Jamie Dimon for Treasury Secretary, Supports Powell's Fed Term
Former President Trump indicates he would let Jerome Powell complete his term as Federal Reserve Chair and is open to appointing JPMorgan CEO Jamie Dimon as Treasury Secretary if re-elected.
- Trump expressed respect for Dimon despite past criticisms, highlighting his potential for a cabinet role.
- Jerome Powell's term as Fed Chair is set to end in 2026, with his board position lasting until 2028.
- Trump criticized Powell's past interest rate decisions but now supports his continued tenure.
- Trump plans to reduce the corporate tax rate significantly and impose new tariffs on imports.
- Dimon has praised some of Trump's policies, despite previous disagreements.