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September 12, 2018
Scott Olson/Getty Images

Well, that was fast.

Although he had previously ruled out a presidential run, JP Morgan Chase CEO Jamie Dimon seemed to tease a 2020 race against President Trump on Wednesday when he boasted during an event that he "could beat Trump" because he's "smarter than [Trump] is," per CNBC. Dimon added that unlike Trump, he's a New Yorker whose money "wasn't a gift from daddy."

But Dimon backed down almost immediately, putting out an apology just one hour later. "I should not have said it," he said in a follow-up statement, per Bloomberg. "I'm not running for president." Dimon added that his spontaneous comments are proof of why he "wouldn't make a good politician," also saying that he wants "all sides to come together."

This actually isn't the first time that Dimon, who describes himself as being "barely" a Democrat, has made a negative statement about Trump that he subsequently took back. In November 2017, Dimon predicted that Trump would be a one-term president but later backtracked, telling Fox Business, "I wish I hadn't said it." Brendan Morrow