'This wealthy New Yorker actually earned his money. It wasn’t a gift from daddy,' Jamie Dimon told an event
MOLLY RILEY/AFP/Getty Images
JP Morgan chief Jamie Dimon declared today he would make a better president than Donald Trump, only to retract the comment within hours.
The outspoken Wall Street banker, well-known for his colourful remarks, told an event that was meant to be showcasing the firm’s philanthropy: “I think I could beat Trump.”
“I’m as tough as he is, I’m smarter than he is,” he added.
Mr Dimon went on to say: “And by the way, this wealthy New Yorker actually earned his money. It wasn’t a gift from daddy.”
He later issued a statement taking back the comments: “I should not have said it. I’m not running for president.
“Proves I wouldn’t make a good politician. I get frustrated because I want all sides to come together to help solve big problems.”
Mr Dimon has expressed mixed views on the US president in the past. He has praised Mr Trump for reawakening “animal spirits” in the US economy and for cutting red tape and taxes.
But he has been critical of his administration’s policy of separating children from their parents at the US-Mexico border and for his protectionist trade policies.
Mr Dimon, 62, has said in the past he will not run for president and does not have the temperament for the job.