Gary Cohn says Jamie Dimon would be a 'phenomenal' and 'spectacular' president

  • Gary Cohn, the former National Economic Council director and the ex-president of Goldman Sachs, said JPMorgan CEO Jamie Dimon would be a phenomenal president.
  • Dimon said at an event last Wednesday that he would beat President Donald Trump in an election, then walked back his comments in a statement shortly after.
  • The president’s job is “in many respects very similar” to running a complex, multinational firm, Cohn said.

JPMorgan CEO Jamie Dimon would be ideal for the presidency, according to Gary Cohn, the former top economic adviser to President Donald Trump.

Cohn, who was president of Goldman Sachs before he joined the Trump administration, was speaking Monday, just days after Dimon said he could “beat Trump” in an election. Dimon later walked back his remarks.

“I think Jamie would make a phenomenal president,” Cohn said at a Reuters event in New York. “I think Jamie would be a spectacular president.”

Cohn added his experience in the Oval Office showed that the president’s job was “in many respects very similar” to running a complex, multinational firm.

But Dimon may not be making any political moves soon, even after showing confidence in his ability to beat Trump at a JPMorgan event last Wednesday.

Shortly after CNBC reported on his comments, Dimon released a statement clarifying that he was not running for president. “Proves I wouldn’t make a good politician,” Dimon said of his earlier comments. “I get frustrated because I want all sides to come together to help solve big problems.”

Dimon, a lifelong Democrat, added that he could not win an election due to the “liberal side” of the Democratic Party.

Cohn and Treasury Secretary Steven Mnuchin, also a former Goldman Sachs executive, were important advocates of the corporate and personal tax cuts that Trump signed into law in January. Cohn left the administration in April after just 14 months on the job.

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