Jamie Dimon says he could beat Trump: 'I'm smarter than he is'

Jamie Dimon Chairman and CEO of JPMorgan Chase & Co fields questions from Mellody Hobson president of Ariel Investments during a luncheon hosted by The Economic Club of Chicago

"I think I could beat Trump" Dimon said Wednesday morning during an event at the company's Park Avenue building. And I grew up in a poorer part of Queens than he did, but I am a banker.

"I should not have said it", he said in a statement.

Soon after his remarks on Wednesday, Dimon moderated them, emphasizing that he isn't running for president.

"I should not have said it".

Dimon, speaking at an event where JPMorgan was detailing a $500 million investment to boost economic growth around the world, also told the crowd that he "actually earned [my] money". "It wasn't a gift from daddy". The off-the-cuff outburst "proves I wouldn't make a good politician", Dimon said.

"I shouldn't have said that", Dimon told ABC's Rebecca Jarvis Wednesday in an exclusive interview after making the comments during a panel with her in NY. "I am part of the elite", Dimon continued.

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Mr. Dimon has said publicly that he is committed to remaining in his role as CEO for another five years, ruling out the possibility of a possible presidential run. She says that, not me, ' he said.

He served on Trump's Strategic and Policy Forum, where he came under fire for not stepping down as fellow executives did in the wake of Trump controversies.

Further, Dimon is in agreement with the president about the need to reduce regulation.

Trump disbanded the board after he was criticized for failing to sufficiently condemn white supremacists in the aftermath of Charlottesville's rally last August.

Mr. Dimon, 62, is chairman of the Business Roundtable, a powerful lobbying group that represents the CEOs of the United States' largest corporations, and is often seen as a voice for American business.

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