Jamie Dimon hasn’t spoken with Donald Trump for at least the last several months, a source close to the JPMorgan CEO told Fortune.
A report Friday in the New York Post, which said the two have been in communication for months via secret back channels, is not accurate, according to the source.
The Trump transition team didn’t immediately respond to a request for comment.
Sources close to Trump told the Post that conversations began before the election and continued afterward, focusing on plans for spending cuts, bank regulations, taxes and trade.
Earlier this month, Trump ruled out a role for Dimon in his administration amid speculation that the Wall Street giant could be considered for Treasury secretary.
“I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!” Trump wrote on his social media platform Truth Social on Nov. 14.
During a conference later that day, Dimon responded that he had no interest in serving in the Trump administration, saying that, “I haven’t had a boss in 25 years and I’m not about ready to start.”
That came a month after Trump’s Truth Social account posted a screenshot falsely claiming Dimon endorsed him for president, prompting JPMorgan to flatly deny it. Trump later said he didn’t know anything about the post, explaining that someone else put it up.
Dimon didn’t endorse either Trump or Kamala Harris in the presidential election, though his wife campaigned for Harris.
Still, the president-elect’s supporters have pointed to some favorable remarks from Dimon, such as his praise in January, when he said Trump was “kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China.”
Dimon also said earlier this month that Trump is not against trade, adding that his tariff plans will “get people to the table.”