JPMorgan Chase (JPM) CEO Jamie Dimon wants to clear something up: he's not interested in running the Federal Reserve. At all. Not even a little bit.

In an interview with Bloomberg's David Rubenstein on Thursday, Dimon said there was "positively no chance" he would serve as Fed Chair, even if asked by a sitting president. That's about as definitive as it gets in Washington speculation circles.

But Treasury? That's a Different Story

While America's most prominent banking executive shut down any Fed ambitions, he left the door slightly ajar for a Cabinet position. Asked about serving as Treasury Secretary, Dimon took a more diplomatic approach.

"If a President calls you up and asks you to do something, you should consider it," Dimon explained. "So I would take the call and consider it, and think about why and what they want."

The details would matter, though. "What they want and how they want to operate, that would be important to me," he said. But then came the kicker: "I've been my own boss for pretty much 25 years, and I like it that way."

That tension between public service and personal autonomy came up during an APEC meeting in Peru, where Dimon found himself in an awkward moment. Just before going on stage, a reporter told him that President Donald Trump had praised him on social media but indicated he wouldn't be chosen as Treasury secretary.

"She asked me on national TV," Dimon recalled. "So I said, that's good, because I like being my own boss. We both like it that way."

The Fed Chair Search Is Apparently Over

While Dimon won't be heading to the Federal Reserve, someone will need to take over when Jerome Powell's term expires in May 2026. According to recent reports, Trump has already made his choice, though he hasn't announced it publicly yet.

Kalshi prediction markets show Director of the National Economic Council Kevin Hassett and former Federal Reserve Governor Kevin Warsh as the frontrunners, with odds of 36% and 44%, respectively.

Treasury Secretary Scott Bessent recently told the media that Trump was finalizing his pick to lead the central bank and would announce the decision this month.

So Dimon can rest easy. He'll continue running JPMorgan, being his own boss, and fielding the occasional hypothetical question about government service. Some things never change on Wall Street.