Economy

Jamie Dimon doesn't have the 'smarts' to be president

Jamie Dimon doesn't have the 'smarts' to be president

Naturally, he caught flak from the President, who used his first tweet of Thursday morning to question the CEO's "aptitude or "smarts" and to call him a "nervous mess - otherwise he is wonderful".

Later, after his comments went viral, Dimon said, "I should not have said it".

The president's dig at Dimon comes after he said in a panel Wednesday that he would be able to beat Trump in an election because he is "smarter than [Trump] is". I would be fine.

"I think I could beat Trump", Dimon said.

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"He could punch me all he wants, it wouldn't work with me. I get frustrated because I want all sides to come together to help solve big problems".

Still, Trump-never one to let a negative comment slide by, as per his advice in his 1987 memoir, The Art of the Deal-clapped back at Dimon, saying it's his "great economic policy" that makes bankers like Dimon look "much smarter than they are". He added that a banker is unlikely defeat a liberal candidate from the Democratic Party. "I'd fight right back", Dimon said during a panel discussion with ABC News reporter Rebecca Jarvis.

Within hours, Dimon released a statement regretting what he said. "I'm not running for president".

Curiously, Dimon was a member of the strategy and policy group of Trump before disbanding and has praised his tax cuts when the president signed the law in 2017. And this year, Dimon said the administration's policy of separating children from parents at the USA border with Mexico was cruel. And it seems he's happy staying in the private sector, with Dimon and JP Morgan's board agreeing in January that he will stay as CEO for another five years.