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JPMorgan's Jamie Dimon Resumes Talks with Donald Trump
ByAinvest
Thursday, Jul 31, 2025 10:45 am ET1min read
JPMorgan Chase CEO Jamie Dimon has reportedly started talking with President Donald Trump after years of chilly relations. Dimon visited the White House in June and the two have been in communication since. The exact nature of their discussions is not specified.
JPMorgan Chase CEO Jamie Dimon has reportedly started talking with President Donald Trump after years of chilly relations. Dimon visited the White House in June and the two have been in communication since. The exact nature of their discussions is not specified [1].The renewed discourse comes as a surprise, given the rift between Dimon and Trump during the latter's first term. Dimon had quit from a council of leaders to advise the president after Trump's comments about a white supremacist rally in Charlottesville, Virginia. He also spoke out against Trump's challenge to the 2020 election results. Since Trump's second term, Dimon has softened his rhetoric about the president, saying that Trump has made a number of right decisions and has supported some of his tariffs [1].
The latest meetings between Dimon and Trump have focused on a variety of topics, including the economy, trade, financial regulation, and interest rates. Dimon has continued to support Federal Reserve Chair Jerome Powell and the Fed's independence, noting that political attempts to push down rates can often achieve the opposite effect. At last week's meeting, the bank CEO told the president that interest rates could come down if the economy remains strong enough [1].
The meetings also included discussions on the shortage of affordable housing and the impact of post-2008 financial crisis regulations on homeownership. Dimon congratulated Trump on his trade deal with Japan [1].
In a separate development, JPMorgan Chase has partnered with Coinbase to introduce new ways for customers to access and engage with cryptocurrencies. The partnership, announced this week, includes direct bank-to-wallet connections and the ability to redeem credit card rewards for USDC, a U.S. dollar-pegged stablecoin [2]. This collaboration signals growing institutional confidence in cryptocurrency infrastructure and aims to lower barriers to crypto adoption.
References:
[1] https://seekingalpha.com/news/4475608-jamie-dimon-and-donald-trump-start-talking-again---report
[2] https://coincodex.com/article/70851/coinbase-partners-with-jpmorgan-chase-to-enable-direct-bank-linking-and-crypto-rewards/
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