Trump Courts Wall Street’s Power Players for Support
Trump accused some banks of “political discrimination” for allegedly denying services to conservative clients.
Quick overview
- Jamie Dimon and Adena Friedman are attending a White House dinner hosted by President Trump as part of an effort to regain support from business leaders.
- The dinner comes amid political challenges for Trump, including recent Democratic victories and the ongoing government shutdown.
- Trump's relationship with Wall Street has been complicated, marked by initial optimism that turned to tension due to tariffs and criticisms of the Federal Reserve.
- By hosting this dinner, Trump aims to strengthen ties with financial leaders, similar to his previous outreach to tech executives.
Jamie Dimon and Adena Friedman are among the high-profile guests at a White House dinner hosted by President Donald Trump this Wednesday.
According to official sources, Dimon, CEO of JPMorgan Chase & Co., will attend, while news outlets confirmed the presence of Adena Friedman, president and CEO of Nasdaq Inc.
The dinner marks a last-ditch effort by the administration to win back the support of the business elite. Recent Democratic victories in key local elections — including the New York City mayor’s office and governorships in New Jersey and Virginia — dealt a political blow to Trump, who is also contending with the longest government shutdown in U.S. history. Wednesday marks day 43 of the standoff, though Congress is reportedly moving toward a resolution.
A complicated relationship with Wall Street
Trump’s 2024 campaign leaned heavily on Wall Street backing, promising tax cuts and sweeping deregulation. Early optimism gave way to tension when his administration imposed broad tariffs by sector and country, roiling markets and driving up import costs.
His repeated attacks on Federal Reserve Chair Jerome Powell also raised concerns about central bank independence. Meanwhile, Trump accused some banks of “political discrimination” for allegedly denying services to conservative clients.
Now, facing mounting political and economic strain, Trump appears eager to mend fences with financial leaders — especially Dimon, with whom his relationship has been rocky but improving. The two reportedly met in the Oval Office in July.
By hosting this dinner, Trump hopes to replicate his earlier outreach to tech executives, such as Mark Zuckerberg and Tim Cook, who met with him in September and pledged to expand investment in the U.S.
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