6 sources·Politics

Trump's Cabinet Picks Emerge as Dimon Dismisses Administration Role

President-elect Trump considers Treasury Secretary candidates as Jamie Dimon offers financial insights but rules out joining the administration.

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Updated: Nov 15th, 2024, 10:49 AM ET

Summary

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As President-elect Trump prepares his cabinet, Scott Bessent and Howard Lutnick are potential Treasury Secretary candidates. Jamie Dimon won't join the administration, offering insights on Trump’s tariffs and banking regulations instead. Dimon believes increased deregulation could benefit Wall Street, while Trump has initiated plans for a new Department to eliminate government waste, assigning Musk and Ramaswamy to lead. Dimon acknowledges the complicated economic climate ahead and cautions inflation may be persistent.

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